ViacomCBS Block Trade Is Said to Raise $2.1 Billion Over Weekend
- Deal follows liquidation of ex-Tiger trader’s family office
- More than $20 billion of blocks have been offered since Friday
Signage on the ViacomCBS headquarters during a winter storm in New York, U.S., on Friday, Feb. 19, 2021.
Photographer: Mark Kauzlarich/BloombergAnother large block trade in ViacomCBS Inc. has priced at $47 per share, according a person familiar with the matter, the latest in an extraordinary flurry of such deals that began before the weekend. The shares rose to premarket highs, trading nearly flat from Friday after falling as much as 3.4% earlier Monday.
About 45 million shares were offered Sunday on behalf of an undisclosed holder, people familiar with the matter previously told Bloomberg. The most recent block trade known to Bloomberg had offered shares at $46 to $47 each through Morgan Stanley, one of the people said on Sunday. The offering price represents a 2.6% discount to Friday’s closing price.