Redstones Win First Battle in CBS Fight

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CBS Corp. has misplaced the primary spherical in a battle to interrupt free from its controlling shareholder, however the authorized combat is much from over.

A Delaware choose on Thursday denied CBS’s request for a short lived restraining order towards the Redstone household that will have enabled the media firm to strip its controlling shareholder of its voting energy. The household’s holding firm, Nationwide Amusements Inc. controls almost 80% of the voting energy at CBS.



Supply hyperlink – https://www.wsj.com/articles/court-rules-for-redstone-family-in-cbs-fight-1526573011?mod=pls_whats_news_us_business_f

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