Cox Radio buyout offer boosted


Having met shareholder resistance to its original offer of $3.80 per share, Cox Enterprises has increased its bid to buy out other shareholders of Cox Radio by a dollar. Cox Enterprises notes that the new offer of $4.80 per share is a 45.5% premium to the closing price on March 20th, the last trading day before it made the original buyout offer. The deadline for acceptance of the tender offer has been extended to May 13th.