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 under a settlement approved by a Texas bankruptcy judge on Monday....
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