Jones Day Leads Cumulus In $2.4B Citadel Buy
Cumulus Media will acquire all outstanding common stock and warrants of Citadel at a price of $37 per share, it said, adding that it would take on significant debt.
News of the agreement sent Cumulus Media's stock price plunging more than 7.8 percent to $4.70 per share in trading Thursday.
The total amount of cash...
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