ATLANTA AP - Radio station owner Cumulus Media Inc. said Monday its pending buyout by an investor group that includes its chairman and chief executive has been terminated.The investor group, led by Chairman, President and CEO Lewis Dickey and an affiliate of Merrill Lynch Global Private Equity, said that after exploring possible alternatives, they were unable to agree on terms on which they could proceed with the deal.
May 12, 2008 at 12:00 AM
1 minute read
ATLANTA AP – Radio station owner Cumulus Media Inc. said Monday its pending buyout by an investor group that includes its chairman and chief executive has been terminated.
The investor group, led by Chairman, President and CEO Lewis Dickey and an affiliate of Merrill Lynch Global Private Equity, said that after exploring possible alternatives, they were unable to agree on terms on which they could proceed with the deal.
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