Seeking Alpha

Reaction to CBS split-off of CBS Outdoor Americas

  • Shares of CBS (CBS) move higher in premarket action after the company decides to divest CBS Outdoor Americas (CBSO) earlier than anticipated.
  • Wells Fargo is out with early commentary on the development. The firm says the early conversion of CBS Outdoor to a REIT is a positive and likes the implications for CBS shareholders.
  • Media industry insiders like the visibility the split-off will help present for CBS shareholders.
  • CBS +1.4% premarket
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