¡Suscríbase Gratis!
Le enviamos los titulares de Lawyerpress todos los jueves a su correo electrónico

Su Nombre

Su eMail

publicado el 16 de OCTUBRE de 2009

Shearman & Sterling advises National Amusements in sale of CBS, Viacom stock

Shearman & Sterling is representing National Amusements, Inc. ("NAI") in its underwritten sale of a portion of its CBS Corporation class B common stock and Viacom Inc. class B common stock. NAI is expected to receive from both offerings aggregate proceeds of approximately $827.8 million (or approximately $910.6 million if the underwriters exercise their overallotment options in full), net of underwriting discounts and commissions. Following the completion of the offer, NAI will own 79.07% of the voting shares and 6.05% of the equity of CBS and 79.87% of the voting shares and 6.89% of the equity of Viacom. A world leader in the motion picture exhibition industry, the assets of National Amusements, Inc. include more than 1,500 motion picture screens in the U.S., U.K., Latin America and Russia; a portfolio of real estate assets; a partnership in the online ticketing service, MovieTickets.com; and controlling interests in the common stock of Viacom Inc. and CBS Corporation. Shearman & Sterling's team included partners Creighton O'M. Condon (London/New York - Mergers & Acquisitions), Christa A. D'Alimonte (New York - Mergers & Acquisitions), Stephen T. Giove (New York - Capital Markets), Lisa L. Jacobs (New York - Capital Markets), Kenneth J. Laverriere (New York - Executive Compensation & Employee Benefits), Maura E. O'Sullivan (New York - Finance), Andrew R. Schleider (New York - Capital Markets) and Michael Shulman (Washington, DC - Tax); counsel Susan A. Fennessey (New York - Bankruptcy & Reorganization); and associates Timothy Andison (New York - Finance), Mark J. Gelman (NY - Executive Compensation & Employee Benefits), Curt Goldman (New York - Bankruptcy & Reorganization), James Jones (New York - Bankruptcy & Reorganization), Oliver Loxley (New York - Capital Markets), Nadir Nurmohamed (New York - Mergers & Acquisitions), Nathan D. Sawyer (New York -Mergers & Acquisitions), Hae Ran Song (New York - Capital Markets), Patrick Valenti (Washington, DC - Tax) and Dorman Yale (New York - Capital Markets).