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CBS, Cincinnati Bell Spinning Off Real Estate into REITs

CBS Seeks Favorable Private Letter Ruling from IRS to Convert Outdoor Advertising Business Into a REIT, Cincy Bell Spins Off Data Centers in IPO

Two major U.S. corporations have opted to spin off portions of their operations into new real estate investment trusts at the start of this year: CBS Corp. and Cincinnati Bell.

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News | CBS, Cincinnati Bell Spinning Off Real Estate into REITs