NEW YORK, July 3, 2014 /PRNewswire/ -- S&P Dow Jones Indices announces treatment of CBS Corp. (NYSE:CBS) Split-off in S&P 500:
- CBS Corp. is offering to exchange shares of CBS Outdoor Americas Inc. (CBSO.NYSE) that are owned by CBS for outstanding shares of CBS Class B common stock. The exchange offer will expire at 12:00 midnight, NYC time, on July 9, 2014, unless the offer is extended or terminated. S&P DJI will not add the split-off company to any S&P 1500 index at the completion of the transaction. CBS Corp. will remain in the S&P 500.
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