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MTL - Heads Up Hollywood - Chapter 653 poolside
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On September 5, Viacom's board of directors formally made a decision to divest Blockbuster from Viacom's assets and allow other Blockbuster shareholders to repurchase shares.
This signal was released as early as six months ago.
Viacom claims that the divestiture is to protect shareholders' rights and reasonably avoid tax issues. This divestiture will not be a simple equity transfer, but an extraordinarily complex spin transaction.
Is it really?
maybe.
But t ...
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