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Technology Stocks : VIAB (Viacom Class B shares) formerly CBS
VIA 51.42+1.1%Nov 10 3:59 PM EST
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To: John M Connolly who wrote (2553)9/18/1998 5:54:00 PM
From: Larry S.  Read Replies (1) of 4613
 
John, i don't expect there to be any preference to existing CBS shareholders. They are selling shares of Infinity to the public. We, as shareholders will still own the 80% of Infinity that's not being offered to the public. Later on, they might spin off Infinity shares to existing CBS shareholders. At such a time, existing shareholders would get a fixed number of Infinity shares, but the price of CBS stock would immediately drop by the value of the spun off shares. hope this helps. larrry
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