Shari Redstone: CBS’ Legal Fight Is ‘Irresponsible’ and ‘Inexplicable’

Lawyers for CBS and NAI had tried during the past 48 hours to reach a standstill agreement to avoid the spectacle of the TRO hearing but they could not come to terms. NAI said in its filing it had offered “not to take action to interfere with the status quo (including, for the avoidance of doubt, the composition of the Board or any actions with respect to a proposed combination with Viacom)” in exchange for CBS agreeing to scrap the proposed board vote on the stock dividend and a delay of its annual shareholders meeting, which is scheduled for Friday. – Cynthia Littleton, Variety https://ift.tt/2rL2S8y
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