Viacom And CBS Stocks Drop On Day After Merger Reveal As Analysts React To Deal

Shares in Viacom and CBS both declined more than 6% through mid-day Wednesday as investors absorbed the details of the companies’ long-awaited merger on a day of broader stock market retreat. CBS stock was at $49.60 in mid-day trading, while Viac…

Shares in Viacom and CBS both declined more than 6% through mid-day Wednesday as investors absorbed the details of the companies’ long-awaited merger on a day of broader stock market retreat. CBS stock was at $49.60 in mid-day trading, while Viacom was at $27.33. Worries about weak economic data from China and Germany, as well […]