With CBS Outdoor spin off, Weil’s Bensch plays starring role

Weil, Gotshal & Manges Corporate Partner Jennifer A. Bensch works closely with underwriters to make deals a success

It’s taking several transactions for CBS Corp. to spin off its advertising business, and Weil, Gotshal & Manges Corporate Partner Jennifer A. Bensch has worked closely with the underwriters to make those deals a success.

In early April, CBS Outdoor Americas Inc. raised $644 million in an IPO, and Bensch and Weil Partner Matthew Bloch led the team that advised Goldman Sachs, Bank of America Merrill Lynch, J.P. Morgan, Morgan Stanley and the other underwriters in the deal. The proceeds from the IPO will be used to continue the planned spin-off of CBS Outdoor from CBS Corp., according to Weil. CBS, which owns 83 percent of CBS Outdoor following the IPO, plans to convert CBS Outdoor into a real estate investment trust (REIT) later this year.

Contributing Author

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Amy I. Stickel

Amy I. Stickel has extensive experience covering the legal, financial and pharmaceutical industries as a writer and editor. A past managing editor of Corporate Legal Times and...

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