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Updated: Connoisseur Media's Jeff Warshaw Makes A Bid To Buy Cumulus Media; Early ...

Just in case you missed the blockbuster story YESTERDAY (NET NEWS 4/14) about CONNOISSEUR MEDIA CEO JEFF WARSHAW offering to buy CUMULUS MEDIA for $15 to $17 per share, amounting to almost $1.2 billion including debt, the stock was trading at around $11 at the time the news of the bid broke and ended the day up at $14.21 a share (+4.05) for a 39.86% gain. In the after-hours market, CUMULUS is priced at $14.67.  Monitor CUMULUS share pricing here. CUMULUS issued the following . ....

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