Emmis Communications Corporation(EMMS)- NASDAQ
  • Thu, Aug. 18, 4:20 PM
    • Lightly traded Emmis Communications (EMMS -0.8%) says it's gotten a go-private offer from a company owned by its chairman and CEO.
    • Jeff Smulyan owns E Acquisition Corp., and is the controlling shareholder of Emmis.
    • E Acquisition has made a nonbinding offer to acquire outstanding publicly held shares of Emmis for $4.10/share in cash, which is a 3% premium over yesterday's close and is 3.5% over today's closing price.
    • The deal includes a committed acquisition facility from an affiliate of Falcon Investment Advisors, and would include selling off non-core assets, which likely include its publishing division, WLIB-AM in New York and the radio stations in Terre Haute, Ind.
    | Thu, Aug. 18, 4:20 PM | 2 Comments
Company Description
Emmis Communications Corp. owns and operates radio and magazine entities in large and medium sized markets throughout the U.S. The company operates through the following business segments: Radio, Publishing, and Corporate and Emerging Tehnologies. It operates radio stations, television stations... More
Sector: Services
Industry: Broadcasting - Radio
Country: United States