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Cumulus Media Takes ‘Poison Pill’ As Hostile Takeover Emerges

UpdateGlobal

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Our automated news desk wrote this from the source below.

In a filing with the SEC, Cumulus Media announced its initiation of a “poison pill” defense plan to ward off a looming hostile takeover from a Singapore-based company owned by the billionaire behind the recent clearing house at legacy media brand Sports Illustrated .

“In a filing with the SEC, Cumulus Media announced its initiation of a “poison pill” defense plan to ward off a looming hostile takeover from a Singapore-based company owned by the billionaire behind the recent clearing house at legacy media brand Sports Illustrated .”
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