Cox Media completes tender offer, buys Cox Radio for $4.80 per share

By Lisa Kerner

Charlotte, N.C., May 29 - Cox Media Group, Inc., a subsidiary of Cox Enterprises, Inc., completed the acquisition of Cox Radio, Inc. via a short-form merger following the completion of a tender offer on May 19.

Any outstanding shares of class A common stock not purchased in the tender offer were converted into the right to receive $4.80 per share in cash, without interest, according to Cox Enterprises.

Both Cox Radio, a radio broadcasting company, and Cox Enterprises, a communications, media and automotive services company, are based in Atlanta.

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