Monthly Archives: October 2017

CBS Exchange Offer with Odd-Lot Provision (~11%, $600 Upside)

Company: CBS Corp.  Ticker: CBS, ETM Market Cap: ~$23bn Size of Action: up to ~$6bn Type of Transaction: Exchange Offer with Odd-Lot Provision Current Price: $56.41 (CBS), $11.00 (ETM) Tender Price: $1.08 of ETM stock for every $1.00 of CBS stock tendered (subject to upper limit of 5.7466). Potential … Continue reading

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