CBS Buying Back About 47 Million Shares
By: AP
CBS, producer of "60 Minutes" and the crime series "CSI," said Tuesday it is buying back about 47 million shares of its Class B stock for $1.4 billion through an accelerated repurchase transaction.
The buyback is in connection with a repurchase program announced Feb. 27.
The cost of the repurchased shares is subject to adjustment.
CBS, producer of "60 Minutes" and the crime series "CSI," said Tuesday it is buying back about 47 million shares of its Class B stock for $1.4 billion through an accelerated repurchase transaction.
