Cumulus’ ‘Modified Dutch Auction’ Is Over. What’s the Buyback Status?


It’s called a “modified Dutch auction” tender offer, and it involves a stock buyback plan from Cumulus Media that the Atlanta-based company says is an initial step in the execution of its previously announced $50 million share repurchase program.

The tender offer expired at Midnight Eastern on Friday (6/3). The results are now known.

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