Amadeusz Juskowiak

National amusements again ups viacom via bid

Viacom International Inc said National Amusements Inc has again raised the value of its offer for Viacoms publicly held stock

The company said the special committee of its board plans to meet later today to consider this offer and the one submitted March one by MCV Holdings Inc

A spokeswoman was unable to say if the committee met as planned yesterday

Viacom said National Amusements Arsenal Holdings Inc subsidiary has raised the amount of cash it is offering for each Viacom share by 75 cts to 4275 dlrs while the value of the fraction of a share of exchangeable Arsenal Holdings preferred to be included was raised 25 cts to 775 dlrs

National Amusements already owns 196 pct of Viacoms stock