| Viacom Inc. said Monday it will begin a tender offer for up to $500 million of its outstanding 6.25 percent senior notes due 2016. The tender offer is scheduled to expire on March 14. The company said it will accept a portion of its 2016 notes that are validly tendered and not withdrawn before 5 p.m. EDT on Feb. 28. The company has a total of $1.5 billion of the notes outstanding. Viacom has retained BofA Merrill Lynch, Mitsubishi UFJ Securities, Morgan Stanley, and Wells Fargo Securities to serve as dealer managers in the tender offer. Class A shares of Viacom slid 27 cents to $51.27 in late morning trading. |
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