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Turner vows continued takeover bid for CBS Inc
Atlanta based entrepreneur Ted Turner presses ahead with a CBS takeover despite two losses. He failed to block CBS stock buyback in federal court and before the FCC, but says new plans including higher cash offers or a proxy fight are under consideration. CBS Chairman Thomas Wyman calls the judge’s ruling a move for CBS while Turner flags possible alternative strategies.
MENTIONED IN THIS ARTICLE
Atlanta
Ted Turner
CBS Inc
Turner
CBS
Turner Broadcasting System
Washington
Federal Communications Commission
TBS
Joseph T. McLaughlin
Thomas Wyman
U.S
Robert L. Vining Jr
Wyman