Audacy Abandons BMI Merger Suit With $25.4M Stock Deal

By Alex Wittenberg · February 5, 2024, 6:46 PM EST

Audacy Inc. has agreed to drop a potential shareholder lawsuit over performing rights company Broadcast Music Inc.'s sale to an investor group in exchange for at least $25.4 million in stock...

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Case Information

Case Title

Audacy, Inc.

Case Number

4:24-bk-90004

Court

Texas Southern

Nature of Suit

Date Filed

January 07, 2024