Colorado Media Newsroom
April 14th, 2022, 04:49 PM
From Radio Insight:
https://radioinsight.com/wp-content/images/2018/06/cumulus2018-200x200.png (https://radioinsight.com/headlines/223747/report-jeff-warshaw-led-group-makes-offer-to-acquire-cumulus-media-for-1-2-billion/)https://i0.wp.com/radioinsight.com/wp-content/images/2018/06/cumulus2018.png?resize=200%2C200&ssl=1Reuters is reporting (https://www.nasdaq.com/articles/exclusive-warshaw-led-consortium-in-%241.2-bln-bid-for-cumulus-media-sources) that a consortium led by Connoisseur Media head Jeff Warshaw has made a $1.2 billion offer to acquire Cumulus Media.
The report states that Warshaw told Cumulus he’d be willing to take the company private for between $15 to $17 per share and potentially more subject to due diligence.
Connoisseur currently operates in Fairfield County CT, Frederick MD, and Long Island NY.
Cumulus’ stock jumped from $10.94 per share to $14.21 in the final half hour of trading prior to close following the release of the report.
more (https://radioinsight.com/headlines/223747/report-jeff-warshaw-led-group-makes-offer-to-acquire-cumulus-media-for-1-2-billion/)
https://radioinsight.com/wp-content/images/2018/06/cumulus2018-200x200.png (https://radioinsight.com/headlines/223747/report-jeff-warshaw-led-group-makes-offer-to-acquire-cumulus-media-for-1-2-billion/)https://i0.wp.com/radioinsight.com/wp-content/images/2018/06/cumulus2018.png?resize=200%2C200&ssl=1Reuters is reporting (https://www.nasdaq.com/articles/exclusive-warshaw-led-consortium-in-%241.2-bln-bid-for-cumulus-media-sources) that a consortium led by Connoisseur Media head Jeff Warshaw has made a $1.2 billion offer to acquire Cumulus Media.
The report states that Warshaw told Cumulus he’d be willing to take the company private for between $15 to $17 per share and potentially more subject to due diligence.
Connoisseur currently operates in Fairfield County CT, Frederick MD, and Long Island NY.
Cumulus’ stock jumped from $10.94 per share to $14.21 in the final half hour of trading prior to close following the release of the report.
more (https://radioinsight.com/headlines/223747/report-jeff-warshaw-led-group-makes-offer-to-acquire-cumulus-media-for-1-2-billion/)