Are CBS And Viacom Looking To Reunite?

Viacom (VIAB), after surging during the regular session on chatter that it was looking to merge with CBS (CBS), is now sliding late on further reports suggesting negotiations are not ongoing.

X CBS shares rose 1.8% to 58.83 in the stock market today, then moved above 59 in late trading. Viacom shares settled 9.6% higher at 33.76, with most of those gains coming just before the close. Viacom retreated 2% late.

Shari Redstone, vice chair of the board at CBS and non-executive vice chair of the...

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