CBS CBS Corp

CBS Corporation Class B (CBS) is currently at $45.82, down $2.88, or 5.9%

-- Would be lowest close since March 25, 2019 when it closed at $45.53

-- On pace for largest percent decrease since July 27, 2018 when it fell 6.12%

-- On Tuesday, CBS and Viacom Inc. agreed to merge. The all-stock deal, if completed, will create a major entertainment player valued at roughly $30 billion, combining Viacom properties such as MTV, Nickelodeon, Comedy Central and the Paramount film and TV studio with CBS's broadcast network and Showtime premium network

-- Earlier Wednesday, Bernstein and BMO Capital cut their rating on CBS, while Bank of America raised the company to buy from neutral and announced a price target of $63.00/share, Benzinga reported

-- Currently down three of the past four days

-- Down 11.04% month-to-date

-- Up 4.81% year-to-date

-- Down 13.21% from 52 weeks ago (Aug. 15, 2018), when it closed at $52.80

-- Ninth worst performer in the S&P 500 today

All data as of 10:44:56 AM

Source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

August 14, 2019 11:13 ET (15:13 GMT)

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