Viacom Inc. and CBS Corp. said Monday they have skedded Nov. 12 as the record date for determining stockholders entitled to vote on their proposed $36 billion merger.
Holders of Viacom class A common stock and CBS common and Series B Preferred stock at the close of business on Nov. 12 are entitled to receive notice of and vote in special shareholders meetings to be held by the companies. Dates for the meetings have not been set.
In September, Viacom agreed to buy CBS in a stock swap that would create the second-largest media company behind Time Warner Inc.
The transaction must still win approval from the U.S. Justice Department and Federal Communications Commission.