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Article: Cox Radio, Inc. Issues Revised Response/Recommendation Statement Regarding Tender Offer of Cox Media Group, Inc.
- Article from:
- PR Newswire
- Article date:
- April 20, 2009
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ATLANTA, April 20 /PRNewswire-FirstCall/ -- Cox Radio, Inc. announced today that the Special Committee has withdrawn its recommendation that the stockholders of Cox Radio accept the tender offer by Cox Media Group, Inc., an indirect and wholly owned subsidiary of Cox Enterprises, Inc., and tender their shares of Class A common stock for $3.80 per share. The Special Committee has determined that at this time it cannot express an opinion with respect to the tender offer and, therefore, is taking a neutral position with respect to the tender offer for the following reasons:
-- Cox Enterprises and Cox Media Group have announced an extension of the
tender ...