Home LIFESTYLE Celebrity Shari Redstone Moves to Block CBS From Diluting Her Voting Power – Variety

Shari Redstone Moves to Block CBS From Diluting Her Voting Power – Variety

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Shari Redstone’s National Amusements has sought to block CBS Corp.’s attempt to dilute her voting power in the company by implementing changes in the company’s charter to require 90% of board members to agree on the scheduling of any special board meetings.

That step is important because CBS had planned to hold a special board meeting on Thursday for directors to vote on issuing a stock dividend that would have the effect of diluting Redstone’s 76.5% of voting shares in the company. National Amusements sees the change to the charter as a moderate step to block CBS’ board from holding the Thursday meeting.

The sides are also set to meet in court in Delaware today as they battle over the future of CBS and Viacom.

More to come

 

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