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Cox Radio shareholders urged to tender their shares in revised offer
By Lisa Kerner
Charlotte, N.C., April 30 - Cox Radio, Inc.'s special committee unanimously recommended that the company's shareholders tender their shares in the revised offer announced by Cox Enterprises, Inc. and its subsidiary, Cox Media Group, Inc., on Wednesday.
The per-share offer price was raised to $4.80 from $3.80.
Cox Media extended the offer to midnight ET on May 13.
Both Cox Radio, a radio broadcasting company, and Cox Enterprises, a communications, media and automotive services company, are based in Atlanta.
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