Brief: Cumulus Media Sends Letter To Shareholders Regarding Strong Financial Results And Outlook

Cumulus Media

04/05/2022 15:14

May 4 (Reuters) - Cumulus Media Inc  CMLS.O :
    * CUMULUS MEDIA SENDS LETTER TO SHAREHOLDERS REGARDING
STRONG
FINANCIAL RESULTS AND OUTLOOK, NEW CAPITAL RETURN PROGRAM AND
RESPONSE TO UNSOLICITED INDICATION OF INTEREST
    * CUMULUS MEDIA INC - OUTLINING OUR VIEWS REGARDING AN
UNSOLICITED, NON-BINDING, HIGHLY CONDITIONAL INDICATION OF
INTEREST THAT WE RECENTLY RECEIVED.
    * CUMULUS - BOARD UNANIMOUSLY CONCLUDED THAT INDICATION OF
INTEREST SIGNIFICANTLY UNDERVALUES COMPANY AND IS NOT IN BEST
INTERESTS OF ITS SHAREHOLDERS
    * CUMULUS MEDIA INC - RECENTLY RECEIVED AN INDICATION OF
INTEREST
IN ACQUIRING COMPANY FOR $15.00 TO $17.00 PER SHARE

Source text for Eikon:  ID:nGNXcf8p1H 
Further company coverage:  CMLS.O 

 ((Reuters.Briefs@thomsonreuters.com;))