Citadel, Cumulus Set Sept. 9 As Deadline For Citadel Shareholders To Choose Compensation
September 2, 2011 at 11:55 AM (PT)
A deadline of next FRIDAY, SEPTEMBER 9th has been set for CITADEL BROADCASTING stockholders to send in their election forms for the kind of consideration they want from CUMULUS MEDIA for their stock or warrants as part of the merger through which CUMULUS is acquiring CITADEL.
Shareholders can choose to get for each share or warrant either 8.525 shares of CUMULUS Class A common stock or $37 in cash, or a combination of the two. The consideration is subject to proration.
Election forms must arrive by 5p (ET) by first class mail to U.S. BANK NATIONAL ASSOCIATION, Attn.: Specialized Finance, 60 Livingston Avenue, Mail Station -- EP-MN-WS2N, ST. PAUL, MN 55107-2292 or by courier or overnight delivery to U.S. BANK NATIONAL ASSOCIATION, Attn.: Specialized Finance, 111 Fillmore Avenue, ST. PAUL, MN 55107-1402.