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VIACOM/BLOCKBUSTER SHAREHOLDER VOTE COMES TODAY
Published September 29, 1994
Blockbuster Entertainment shareholders meet in Ft.
Lauderdale today to vote on the company's proposed merger with
Viacom. Analysts expect the deal to be approved with 22% of
Blockbuster stock committed to the deal. Management needs to win
about a third of the uncommitted shares to win the vote. Craig
Bibb, Paine Webber media analyst: "95% of all deals recommended
by the board happen" (Don Finefrock, MIAMI HERALD, 9/29). Viacom
and Blockbuster stocks were "among the most active" stocks
yesterday. Blockbuster stock closed +3/4 to 28 1/8 while Viacom
B stock was +1 3/4 to 38 3/4 ("Business Insiders," CNBC, 9/28).
