March 4, 1987
National Amusements Inc. raised the cash portion of its bid for Viacom International to $42.75 a share from $42 a share in a bid made Sunday. The preferred stock portion was raised to $7.75 from $7.50. Meanwhile, Oppenheimer & Co. said it has accumulated 7% of Viacom's stock. But Oppenheimer said in a filing with the SEC that the purchases were solely for arbitrage purposes and that it has no interest in gaining control of the entertainment and communications firm.
December 4, 1986
National Amusements Inc., which has indicated its unhappiness with the price offered shareholders in the pending buyout of Viacom International, said it had raised its stake in the entertainment and communications concern from 18.3%. The Dedham, Mass.-based theater chain said it has sought Federal Trade Commission clearance to raise the stake up to 49.9% from the current level. National Amusements said it will continue to study alternatives to the $2.
November 13, 2001 |
IMAX Corp. will open a new 3-D theater on Jan. 1 at the 17-screen The Bridge cinema complex along the San Diego Freeway in Westchester, the company announced. The new venue will house the largest commercial IMAX 3-D screen in Southern California, according to Shari E. Redstone, president of National Amusements Inc., which owns and operates the theater complex at the Promenade shopping center at Howard Hughes Center.
April 11, 2009 |
Sumner Redstone, who controls CBS Corp. and Viacom Inc., cut his stake in slot-machine maker WMS Industries Inc. to 4.9% as he continued to sell assets to restructure debt at his National Amusements Inc. family holding company. The investor sold 445,000 WMS shares, lowering his stake to 2.41 million, after disposing of 1.14 million shares Wednesday, according to a regulatory filing. He already sold shares last year, reducing holdings he's held for decades to 4 million as of July 28.
July 7, 2001 |
The opening of the Bridge movie theater in Westchester has been postponed until next week because of construction delays, according to theater operator National Amusements Inc. The opening originally had been scheduled for June 29. The 17-screen, 4,200-seat cinema complex is part of the Promenade, a 250,000-square-foot retail development near the San Diego Freeway at Howard Hughes Center.
January 9, 1991 |
Lawyers for a Queens high school basketball star who lost an eye in a Christmas Day shooting at a Long Island movie theater showing "The Godfather Part III" filed a $100-million lawsuit today against the theater and its security company. The shooting killed one and injured two others. Three suspects have been arrested. Alan Schnurman, attorney for Turane Haines, 17, said he filed the suit, which seeks $100 million in compensatory and punitive damages, in state Supreme Court in Queens.
April 22, 1994
After a brief separation, former Paramount Communications Inc. Chairman Martin Davis is reuniting with Viacom Inc. chief Sumner Redstone. Davis was named Thursday to the board of Redstone's National Amusements Inc., the parent of Viacom, which recently bested QVC Inc. in a $10-billion takeover war for Paramount. Davis stepped down as head of Paramount last month after Viacom gained control of the company. Earlier this week, he announced he was forming Wellspring Associates Inc.
June 9, 2005 |
Shari Redstone, the 51-year-old daughter of media mogul Sumner Redstone, is expected to be named to the expanded role of vice chairman of Viacom Inc., the entertainment conglomerate her father leads, according to sources close to the company. Shari Redstone currently runs the family-controlled Dedham, Mass.-based theater chain, National Amusements Inc., that controls Viacom via its 75% ownership of the company's voting stock.
August 27, 2011 |
Shari Redstone — the daughter of Sumner Redstone who serves as vice chair of media giants Viacom Inc. and CBS Corp. and president of National Amusements Inc. — has launched her own investment firm, according to regulatory filings. She is managing partner of the Massachusetts-based Advancit Capital, which is described in a CBS proxy as a "venture capital firm ... which focuses on early stage investments in media, entertainment and technology. " Redstone was unavailable for comment Friday.