Cox Radio offer extended - Atlanta Business Chronicle:

geqopimozaqyxyh.blogspot.com
Atlanta-based Cox Enterprises extendesits $3.80 a sharee tender offer to acquirw Atlanta-based Cox Radio (NYSE: The offer now expires May 1. As of Aprikl 17, 2009, some 457,000 shares have been tendered tothe Separately, Cox Radio reported that in conversations between its speciall committee and a representative of Cox the Cox Enterprises representative said the compang was “giving serious consideration to increasing the offer pric to $4.20 per share and that the increased pricse may not be their best and final Cox Enterprises currently owns a 78 percentg equity interest in Atlanta-based Cox Radio and has a 97% votint interest.
If Cox Enterprise owns 90 percent ofCox Radio's equity after the offer, Cox Radipo would become a wholly owned subsidiary of Cox Enterprises. Cox Radil owns, operates or provides salex or marketing services for 86stations (71 FM and 15 AM) in 19 In Atlanta, Cox Radio runs Kiss 104.1 (WALR-FM), 95.5 the Beat News-Talk 750 (WSB-FM), B98.5 (WSB-FM) and 97.1 The Rivere (WSRV-FM). In January, Cox Enterprises merged its threes mediaunits -- Cox Newspapers, Cox Televisiohn and Cox Radio -- into Cox Media Group Inc.