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Cox Radio Going Private

March 23, 2009/by LB Cantrell

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.

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LB Cantrell
LB Cantrell
LB Cantrell is Editor/Director of Operations at MusicRow magazine, where she oversees, manages and executes all company operations. LB oversees all MusicRow-related content, including the publication's six annual print issues and online news. LB is a Georgia native and a graduate of the Recording Industry Management program at Middle Tennessee State University.
LB Cantrell
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https://musicrow.com/wp-content/uploads/2019/03/MusicRow-header-logo-Mar19B.png 0 0 LB Cantrell https://musicrow.com/wp-content/uploads/2019/03/MusicRow-header-logo-Mar19B.png LB Cantrell2009-03-23 11:05:512009-03-23 11:05:51Cox Radio Going Private
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