Viacom is selling $3 billion in bonds, and...
Viacom is selling $3 billion in bonds, and will use proceeds to repay other debt and buy back stock under a share repurchase program. The cable programmer agreed to sell senior notes due in 2018 and 2023 and senior debentures…
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due in 2043 in a sale to be complete Aug. 19, it said in a news release Monday night. The board recently approved a plan to buy back twice as much Class B stock as planned, to $20 billion (CD Aug 5 p19).