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Fly News Breaks for June 17, 2016
VIAB, CBS
Jun 17, 2016 | 09:11 EDT
RBC Capital believes that National Amusements is looking to take "a far more active role" in managing Viacom (VIA.B). The firm thinks that CBS could buy a stake in Viacom's Paramount movie studio, or buy the controlling shares of Viacom from National Amusements and then allow National Amusements to increase its investment in CBS. RBC adds that National Amusements could recombine CBS and Viacom, but the firm thinks that such a move could alienate some current CBS investors. RBC says it would view an acquisition of Paramount by CBS positively, and it thinks that there is a greater chance that CBS' stock will be boosted by the developments at Viacom than that it will be hurt by them.
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