Emmis Broadcasting (EMMS +4.3%) receives a buyout offer of $2.40 a share from private equity...

|About: Emmis Communications Corpor... (EMMS)|By:, SA News Editor

Emmis Broadcasting (EMMS +4.3%) receives a buyout offer of $2.40 a share from private equity firms JS Acquisition and Alden Global Capital. The price represents a premium of $0.10 a share over the April 23 close. (PR)