According to Reuters, Cumulus Media (CMLS) approached by Warshaw-led consortium
POTENTIAL DEAL DETAILS
Stock | Cumulus Media Inc. | Symbol | CMLS |
Date Announced | 04/14/2022 | Source |
Reuters |
Type | Unsolicited Bid | Acquiring Company/Person |
A consortium led by U.S. radio station industry veteran Jeff Warshaw |
A consortium led by U.S. radio station industry veteran Jeff Warshaw has offered to acquire Cumulus Media Inc (CMLS) for close to $1.2 billion, including debt, people familiar with the matter said.
Update(s):
May 04, 2022: Cumulus Media (CMLS) Rejects $1.2 billion bid from buyer consortium
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