S&P 500
6,909.00
-0.07%
Dow Jones
49,043.80
-0.65%
Nasdaq 100
25,567.40
+0.23%
Russell 2000
2,661.40
-2.09%
FTSE 100
10,165.60
+0.02%
Nikkei 225
52,885.60
-2.26%

Investing

A Sneaky Deal For Cumulus (CMLS)

Follow 24/7 Wall St. on Google
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Cumulus Media (CMLS) is up 38% on news that the company’s CEO and Merrill Lynch Global Private Equity will pay $11.75 a share for the company. It closed Friday at $8.37.

The company traded at $11.68 last November.

In the last quarter net revenues decreased from $75.3 million in 2006 to $72.4 million in 2007, a 3.8% decrease. This decrease was primarily the result of the contribution of the Company’s Houston and Kansas City stations to our affiliate, Cumulus Media Partners, LLC ("CMP"), on May 4, 2006.

Looks like a good deal for the insiders.

Douglas A. McIntyre

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

10 Common Myths About Social Security, Debunked
David Beren |

10 Common Myths About Social Security, Debunked
4 Reasons Baby Boomer Retirement Accounts Might Last Longer than They Think
Maurie Backman |

4 Reasons Baby Boomer Retirement Accounts Might Last Longer than They Think

Continue Reading

Douglas A. McIntyre |

Cramer Reviews Buyout Candidates on STOP TRADING

Earlier on the STOP TRADING segment on CNBC, Cramer showed 3 ideas for possible buyouts.He thought private equity would possibly…
Douglas A. McIntyre |

Cramer Reviews Buyout Candidates on STOP TRADING

Earlier on the STOP TRADING segment on CNBC, Cramer showed 3 ideas for possible buyouts.He thought private equity would possibly…
Lee Jackson |

Massive Insider Buying in Big Oil and Tech Highlights Wild Market Week

In a very bullish note for the markets, insider buying volume was significantly higher than insider selling this past week.…
Douglas A. McIntyre |

Other In-Trouble Mergers After Affiliated Computer (ACS, TRB, CMLS, GCO, PPH, FINL, BX, COMS)

Yesterday morning 24/7 Wall St. covered how the buyout for Affiliated Computer Services (NYSE:ACS) was for all practical purposes looking…
Douglas A. McIntyre |

The 52-Week Low Club (EVR)(PLA)(CMLS)(LGBT)

Evercore Partners (EVR) was knocked down to $12.54 against a 52-week high of $33. Playboy Enterprises (PLA) sold off to…
Paul Ausick |

The 52-Week Low Club for Tuesday

ThinkstockSeptember 16, 2014: The following stocks are among the 118 equities making new 52-week lows today: Arch Coal Inc. (NYSE:…
Douglas A. McIntyre |

Death Spiral Resumes in Newspapers

Where does one start in tracking the trends of the newspaper industry?  If you have been reading anything online over…
Douglas A. McIntyre |

Broadcast International Secondary Offering (BCST-OTC)

Investors are always on the lookout for little tiny unknown companies either raising cash or with news.  There is a…
Douglas A. McIntyre |

Viacom: The Beating Will Continue Until Morale Improves

Late word from the New York Post, is that Viacom (VIA) flagship MTV will sack 500 poor souls, many of…

Top Gaining Stocks

Live Nation Entertainment
LYV • Vol: 5,516,758
+$8.83
+6.39%
$146.97
Fortinet
FTNT • Vol: 10,959,622
+$4.02
+5.18%
$81.64
Gilead Sciences
GILD • Vol: 13,181,187
+$4.79
+3.65%
$135.93
ServiceNow
NOW • Vol: 16,605,664
+$4.55
+3.54%
$133.11
Amcor
AMCR • Vol: 15,263,895
+$1.51
+3.53%
$44.28

Top Losing Stocks

Intel
INTC • Vol: 294,330,244
-$9.25
17.03%
$45.07
Capital One
COF • Vol: 14,209,869
-$17.77
7.56%
$217.30
Moderna
MRNA • Vol: 19,929,517
-$3.16
6.09%
$48.71
West Pharmaceutical Services
WST • Vol: 1,929,348
-$11.12
4.49%
$236.66
United Rentals
URI • Vol: 574,204
-$36.98
3.87%
$919.03