Redstones takes family squabble public

(Reuters) - Viacom and CBS Executive Chairman Sumner Redstone fired the first volley when, in a letter posted on Friday at Forbes magazine's Web site, he slammed his daughter, Shari Redstone, for having made "little or no contribution" to the building of the conglomerate.




Shari Redstone, in response, suggested through a spokeswoman she would be willing to part with her stake -- valued at $1.6 billion.


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Alexander Forbes says buy-out offer increased

(Reuters) - South African financial services group Alexander Forbes said on Wednesday a private equity buyout offer for the firm had been increased to 17.26 rand per share.

The company will hold a shareholder meeting to discuss the bid by a group of private equity firms on June 18. The offer has been revised in terms of price, and to include a re-investment option, it said.


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