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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.