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CBS Outdoor Americas Inc. (NYSE:CBSO) – US Market Buzz http://www.usmarketbuzz.com Nation and Economy Mon, 20 Jul 2020 16:28:22 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.23 Special News Alert: Advanced Micro Devices, Inc. (NYSE:AMD), Oi SA (NYSE:OIBR), CBS Outdoor Americas Inc. (NYSE:CBSO) http://www.usmarketbuzz.com/special-news-alert-advanced-micro-devices-inc-nyseamd-oi-sa-nyseoibr-cbs-outdoor-americas-inc-nysecbso-1869 Fri, 11 Jul 2014 13:53:53 +0000 http://www.usmarketbuzz.com/?p=1869 Oi SA (NYSE:OIBR)’s shares declined 11.55% to $0.64. Moody’s Investors Service on June 27 said Oi S.A.’s announcement that it has reached an agreement with the Brazilian subsidiary of SBA Communications Corp. to sell 1,641 tower sites in Brazil for BRL1.2 billion is credit positive as it will help the company continue to reduce debt. Assuming Oi uses 100% of the sale proceeds for debt repayment, the net reduction in adjusted debt will be approximately BRL800 million after Moody’s standard operating lease adjustment.

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Advanced Micro Devices, Inc. (NYSE:AMD)’s shares increased 1.42% to $4.29. The company on July 3 announced the introduction of the AMD A10-7800 Accelerated Processing Unit (APU) to its industry acclaimed A-Series 4th generation APU lineup. With up to 12 Compute Cores (4CPU + 8 GPU) unlocking full APU potential and Heterogeneous System Architecture (HSA) features, the AMD A10-7800 boasts a powerful AMD Radeon™ R7 Series graphics for peak performance across applications1. Combined with AMD’s acclaimed Mantle API, the AMD A10-7800 APU can enable accelerated performance across select AMD Gaming Evolved partner titles.

You won’t believe what we found out about AMD

CBS Outdoor Americas Inc. (NYSE:CBSO)‘s shares declined 0.21% to $32.59. CBS Corporation (NYSE:CBS.A and CBS) on July 9 announced the final exchange ratio in connection with its previously announced offer to its shareholders to exchange their shares of CBS Class B common stock for up to 97 million shares of CBS Outdoor Americas Inc. (CBSO) common stock that are owned by CBS. For each share of CBS Class B common stock that is validly tendered and not validly withdrawn and that is accepted by CBS pursuant to the exchange offer, CBS will deliver 2.1689 shares of CBS Outdoor common stock to or at the direction of such tendering shareholder.

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