Cox Radio Buyout Shareholder Suit Settled

Lawsuit Settled

The shareholder lawsuit filed challenging the COX ENTERPRISES buyout of outstanding shares of COX RADIO has been settled. The suit claimed the share price was too low at $3.80/share, and COX ultimately raised the price to $4.80/share for the buyout.

The settlement must now be approved by a judge in DELAWARE Chancery Court. The company is proposing to pay the plaintiffs' lawyers' fees and expenses.

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