Hires Perseus Group To Explore Options

  • May 20, 2004
The publisher of CBS has hired investment bank Perseus Group to explore a "variety of ideas" to enhance shareholder value, including its future commitment to Viacom, which owns CBS. The company said its board believes the recent performance of its stock does not reflect the company's true value. The stock has fallen below $1 a share recently, and is down more than 90 percent since March 31, 2000, when it traded at more than $29 a share.
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