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CBS Outdoor Americas prices IPO at $28, the high end of the range

March 27, 2014

CBS Outdoor Americas, a spinoff of CBS's North & South American outdoor advertising division, raised $560 million by offering 20.0 million shares at $28, at high end of the range of $26 to $28. CBS Outdoor Americas plans to list on the NYSE under the symbol CBSO. Goldman Sachs, BofA Merrill Lynch, J.P. Morgan, Morgan Stanley, Citi, Deutsche Bank and Wells Fargo acted as joint bookrunners on the deal.