Net News search results for: banc of america capital investors
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July 23, 2007
Lew Dickey, Merrill Lynch To Take Cumulus Private
CUMULUS is going private in a $1.3 billion deal by which LEW DICKEY and an affiliate of MERRILL LYNCH GLOBAL PRIVATE EQUITY will buy out stockholders for $11.75/share. The price represents a 40.4% premium over the closing price on FRIDAY. The company's … more »
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June 23, 2006
Cumulus Final Dutch Auction Tally: 11.5 Million Shares Bought Back
CUMULUS MEDIA INC. has released the final results of its "Dutch Auction," and they look a lot like the preliminary results previously reported at ALL ACCESS. CUMULUS says that it is buying 11.5 million of its shares at $11.50/share, bringing … more »
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June 15, 2006
Cumulus Announces Preliminary Results Of Dutch Auction Buyback
CUMULUS MEDIA INC. says that it expects to buy about 11.5 million of its shares at $11.50/share from its "Dutch Auction." The total price for the buyback comes to about $132.3 million. A preliminary count indicates that 15,529,859 shares … more »
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May 10, 2006
Cumulus Q1 Revenues Up, Income Flat, Buyback Set
CUMULUS first quarter revenues rose 4.4% to $75.269 million, with adjusted EBITDA off 1.9% to $17.515 million, free cash flow off 4.4% at $10.585 million, and net income up from $823,000. to $857,000. (pre-share flat at 1 cent). The company has also … more »


