Cox Radio Going Private
Cox Enterprises Inc. announced today (3/23) that it is beginning a $3.80 per share cash tender offer for the remainder of Cox Radio Inc.’s publicly held shares, for a total payment of about $69.1 million. Cox Enterprises owns a roughly 78 percent equity stake in Cox Radio with a voting interest of about 97 percent. The tender offer expires on April 17, depending upon shareholders tendering their shares. If the transaction is completed, Cox Radio will become a subsidiary of Cox Enterprises, which is privately owned.
Latest posts by LB Cantrell (see all)
- Concord Taps Stephanie Hudacek As President Of Rounder Records - March 28, 2024
- Dennis Reese To Exit Sony Music Nashville - March 28, 2024
- Hardy Notches Third No. 1 As An Artist, 14th As A Songwriter - March 26, 2024
Leave a Reply
Want to join the discussion?Feel free to contribute!