WASHINGTON, April 1, 2009 (GLOBE NEWSWIRE) -- Finkelstein Thompson LLP is currently investigating potential shareholder claims in connection with Cox Media's March 23, 2008 announcement of a cash tender offer for all outstanding shares of Cox Radio, Inc. ("Cox Radio" or the "Company") (NYSE:CXR) common stock. The offer would give $3.80 per share in cash to Cox Radio shareholders or a total payment of approximately $69.1 million. Cox Media already has a 78.4% controlling interest in the Company's Class A common stock. In particular, the investigation centers on potential unfairness of the price and the potentially coercive nature of this tender offer by a controlling shareholder.
If you are interested in discussing your rights as a Cox Radio shareholder, or have information relating to this investigation, please contact Finkelstein Thompson's Washington, DC offices at (877) 337-1050 or by email at contact@finkelsteinthompson.com.
Finkelstein Thompson LLP has spent over three decades delivering outstanding representation to institutional and individual clients in connection with securities and other finance-related litigation, and has been appointed as lead or co-lead counsel in dozens of shareholder class actions. Indeed, the firm has served in leadership roles in cases that have recovered over $1 billion for investors and consumers. To learn more about Finkelstein Thompson LLP, please visit our web site at www.finkelsteinthompson.com.