On Friday, Shares of AT&T, Inc. (NYSE:T), gained 0.76% to $34.65.
AT&T Inc., U-verse® and iHeartMedia launched iHeartRadio, the all-in-one digital music and streaming radio service, for U-verse TV customers. The addition of iHeartRadio to AT&T U-verse marks the first live streaming radio application accessible on U-verse TV.
By tuning to channel 532/1532, customers can:
- Search for radio stations based on genre, location or keyword
- Select from thousands of live radio stations from across the country
- Get personalized “For You” recommendations based on listening habits, location and musical preferences
- Quickly access “My Stations,” a list of saved favorites and recently listened-to stations
AT&T Inc. provides telecommunications services in the United States and internationally. The company operates through two segments, Wireless and Wireline. The Wireless segment offers data and voice services, counting local, long-distance, and network access services, in addition to roaming services to youth, family, professionals, small businesses, government, and business customers.
Shares of The Procter & Gamble Company (NYSE:PG), inclined 0.36% to $80.95, during its last trading session.
Cadwalader, Wickersham & Taft LLP is advising The Procter & Gamble Company (PG) on the tax aspects of the merger of 43 of its beauty brands with Coty Inc. (COTY) in a Reverse Morris Trust transaction valued at about $15 billion. The transaction comprises P&G’s global salon professional hair care and color, retail hair color, cosmetics and fine fragrance businesses, together with select hair styling brands.
P&G anticipates to do a split-off or spin-off transaction, with a current preference for a Reverse Morris Trust split-off transaction in which P&G shareholders could elect to take part in an exchange offer to exchange P&G shares for shares of Coty. P&G shareholders would have the option of exchanging all, some or none of their P&G shares. If executed as a split-merge, P&G would establish a separate entity to hold the beauty brands, which would be transferred to electing P&G shareholders in a tax-efficient transaction with a simultaneous merger of the new entity with Coty.
The transaction is predictable to close in the second half of calendar year 2016, pending regulatory approvals.
The Procter & Gamble Company, together with its auxiliaries, manufactures and sells branded consumer packaged goods. The company operates through five segments: Beauty; Grooming; Health Care; Fabric Care and Home Care; and Baby, Feminine and Family Care.
Finally, CBS Corporation (NYSE:CBS), ended its last trade with 1.11% gain, and closed at $54.85.
CBS Corporation, declared the pricing of a debt offering of $800 million of 4.00% senior notes due 2026. The sale of the senior notes is predictable to close on July 10, 2015, subject to customary closing conditions.
After deducting fees and expenses related to this offering, CBS intends to use the net proceeds for general corporate purposes, counting among other things, the repurchase of shares of CBS’s outstanding common stock following the Company’s authorized share repurchase program and the repayment of short-term borrowings, counting commercial paper.
The joint book managers for the offering are BNP Paribas Securities Corp., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Mizuho Securities USA Inc., and Morgan Stanley & Co. LLC.
CBS Corporation operates as a mass media company worldwide. It operates through four segments: Entertainment, Cable Networks, Publishing, and Local Broadcasting. The Entertainment segment distributes a plan of news and public affairs broadcasts, and sports and entertainment programming; produces, acquires, and distributes programming, counting series, specials, news, and public affairs; operates online content networks for information and entertainment; and produces, acquires, and distributes theatrical motion pictures.
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