Redstone wants the two companies to combine, and this is the second time in two years that she has tried to make a merger happen.
As permitted under CBS' charter, the network says it could declare a dividend of shares of Class A common stock to all the Company's Class A and Class B stockholders.
"This precipitous lawsuit, and the efforts of CBS management and its "independent" directors to wrest voting control from NAI, are outrageous", National Amusements said.
NAI has voting control of both CBS and Viacom. Both companies are under the umbrella of Redstone-controlled holding company National Amusements.
Sumner Redstone split his media empire into two pieces 12 years ago, creating CBS and Viacom in their present form. The move comes as National Amusements has again pursued recombining CBS and Viacom. "CBS's stock price has dropped from almost $70 per share to almost $50 per share since merger talks were reinstated-a loss of approximately $7 billion in market cap suffered by the Class B stockholders".
The suit, filed Monday in Delaware Chancery Court, seeks to prevent National Amusements' president and controlling shareholder, Shari Redstone, from interfering with a planned meeting this week by CBS' board of directors to consider issuing a special dividend to stockholders that would effectively weaken her control of the media company.
CBS's lawsuit said Redstone rejected an approach by an unnamed potential acquirer of CBS, citing that as another reason her interests are not aligned with other CBS shareholders.
"National Amusements is outraged by the action taken by CBS and strongly refutes its characterization of recent events", Sara Evans, an outside spokeswoman for the Dedham, Massachusetts-based theater owner, said in an emailed statement. After a year and a half of resisting National Amusements's entreaties to pair up the businesses, CBS made a decision to challenge its controlling shareholder - a move that could give its leadership greater power to merge with other companies.
More recently, Daniels' lawyer Michael Avenatti alleged that Cohen was "selling access" to president Trump . John Oliver takes a hard look at Micheal Cohen's attempt to cash in on his ties to Donald Trump .
So far the authorities have discovered the children were home-schooled but it is still unclear what the couple did for a living. She said the "squalor" officers saw while investigating came from her tearing her house apart as she searched for her child.
We also take this opportunity to pay tribute to law enforcement personnel who have been killed or disabled in the line of duty. It is important for everyone to remember that being a police officer can be, and very often is, a unsafe profession.
The higher crude prices that have followed have prompted growth in rival supply and a flood of US shale output. USA light crude CLc1 was down 66 cents at $70.70, off a 3-1/2 year high of $71.89 it hit on Thursday.
Westworld's Thandie Newton and Fleabag's Phoebe Waller-Bridge also join the cast as Val and the pithy droid L3-37, respectively. I've seen Solo , and while the review embargo hasn't quite lifted yet, I can tell you that the film looks awesome .
Her more notable turns included The Amityville Horror , Sisters , Heartaches , The Great Waldo Pepper , and Black Christmas . Her career started to take off in 1970 when she starred opposite Gene Wilder in Quackser Fortune Has a Cousin in the Bronx .
I'm the luckiest mom in the world to have these three babies in my life! This was all we got before all three kids started crying. People commented with how they use the same parenting method for the kids to follow the instructions of their parents.
We've got EXCLUSIVE details on why she purposely neglected to praise the new mom while giving love to Kim and Kris. Khloe also "wants to show everyone that she is making the right decision" according to the weekly's source.
The aim, organizers said, is to ensure lawmakers address the issues and help reclaim the nation's "deteriorating" moral narrative. Poor People's Campaign: A National Call for Moral Revival is a renewed version of the Rev.
John McCain of Arizona, who himself is battling mind most cancers, tweeted his effectively needs to his former colleague. Politicians took to Twitter to voice their support for Reid, including former U.S.
Days before her death, Pushkar has accused her husband publically of having an affair with Pakistani journalist Mehr Tarar. Delhi police later sent the viscera to the Federal Bureau of Investigation following a nod from the home ministry.
Trump has been criticized for announcing plans to relocate the embassy and for formally recognizing Jerusalem as Israel's capital. " Robert Jeffress is the pastor at the first Baptist church in Dallas".
Among U.S. destinations, Orlando was ranked the most popular for Memorial Day weekend, based on AAA advance travel bookings. The national average on Sunday was $2.86 per gallon, up 5.7 cents from a week earlier.
King County Executive Dow Constantine opposed the higher head tax and praised Durkin's compromise proposal. Sawant did not deny it and said she believes it is OK to use taxpayer-funded equipment for her "movement".
Flying data showed the aircraft was on the cruising altitude of 9,750 metres but then dropped suddenly to 7,300 metres. A member of cabin crew was also said to have been injured although details were not immediately made available.
In 2015, feds shut down beteagle.com, a sports gambling site run by Dominick Brown, of Springfield, and Eric Patten, of Bayonne. But it likely would add foot traffic to Iowa casinos, including many people who do not now visit them.
Despite the mass walk-out, other viewers appeared to enjoy the movie and it was given a standing ovation at the end of its airing. We experience the story from Jack's point of view, while he postulates each murder is an artwork in itself.
Hamilton will be trying to win his second race in a row and add to his four-point lead over Vettel in the drivers' standings. This is what racing drivers need, results , podiums and wins, and hopefully it is the beginning of a good phase".
Kivelson, who hadn't considered such a plume when she collected the data two decades ago, marveled at the new discovery. They found that a sudden blast of water from the Jovian moon explained the Galileo probe's odd measurements.
The hardening of inflation, both retail and wholesale, comes weeks ahead of RBI's Monetary Policy Committee meet on June 4 and 5. ICRA's principal economist Aditi Nayar said WPI inflation is expected to continue to rise over the remainder of this quarter.
Last week, plant workers removed the 50,000 gallons of pentane, a highly-flammable chemical stored at the site, as a precaution. Fissure 17, which opened over the weekend, prompted more evacuations and warnings of a possible major eruption of the volcano.
Narrowing in a bit closer, the 5 month price index is 0.99527, the 3 month is 1.09221, and the 1 month is now 1.07407. The funds in our partner's database now own: 193.64 million shares, up from 182.82 million shares in 2017Q3.
For example, Miami receives about 45 inches of rain - nearly 75 percent of its average annual rainfall - from May to October. However, Weather.com reports that we've seen named storms form before June in four of the past six years.
Mike Klis of 9News in Denver spoke with Henderson , who was at team facilities on Monday and should be ready for OTAs next week. Selected by Denver in the sixth round of last year's draft out of Coastal Carolina, Henderson was used sparingly as a rookie.