Entries tagged "Cumulus Media"
Kicking off the week of May 12, the $1.3 billion take-private of Cumulus Media Inc. bit the dust after its would-be buyers (chairman, president and CEO Lew Dickey and Merrill Lynch & Co.'s private equity arm) and the Atlanta-based radio broadcaster could not renegotiate terms. Cumulus may be the latest, but SLM Corp. kicked off a wave of terminations blamed on everything from the credit markets to material adverse changes in a company's business to an inability to renegotiate on favorable terms. So many stalled deals, in fact, have left PE firms excluded from some auctions, sending targets into the...
Stay tuned to TheDeal.com for updates to these stories and more. EnCana Corp.EnCana, Canada's leading energy company, kicked off the early-week deal news with an announcement Sunday that it will split into independent oil and gas companies in an effort to unlock the value of its two main businesses. ...
Cumulus Media Inc. gained approval to amend its credit agreement to ease closing of its $1.3 privatization by chairman and CEO Lew Dickey and Merrill Lynch & Co.'s private equity arm, the Atlanta broadcaster said in a Thursday Securities and Exchange Commission filing....
Cumulus Media Inc., the quiet radio leverage buyout candidate, said Wednesday that at the request of its purchasers it will seek to amend its credit agreement. ...
