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Radio Systems Corp

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BUSINESS
February 28, 2001 | Bloomberg News
Radio Systems Corp., maker of electronic pet fences and bark-control collars, ended its three-year effort to go public in a market dogged by low investor demand for new stocks. Radio Systems, based in Knoxville, Tenn., first filed for an initial public offering in November 1997. Its last filing with the Securities and Exchange Commission, before Tuesday, was a February 1998 submission setting terms for the sale. New investors were offered 31% of the company for $17.9 million to $21.7 million.
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BUSINESS
February 28, 2001 | Bloomberg News
Radio Systems Corp., maker of electronic pet fences and bark-control collars, ended its three-year effort to go public in a market dogged by low investor demand for new stocks. Radio Systems, based in Knoxville, Tenn., first filed for an initial public offering in November 1997. Its last filing with the Securities and Exchange Commission, before Tuesday, was a February 1998 submission setting terms for the sale. New investors were offered 31% of the company for $17.9 million to $21.7 million.
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BUSINESS
June 6, 1998 | Bloomberg News
* CBS Corp. completed the $2.6-billion acquisition of American Radio Systems Corp., giving the nation's largest radio station owner a stronger grip on markets outside the top 10. The transaction was cleared by the Justice Department in March on condition that CBS sell seven radio stations in Baltimore, Boston and St. Louis.
BUSINESS
April 4, 1997 | Bloomberg News
American Radio Systems Corp. agreed to buy two California radio stations from Amaturo Group of California Ltd. for about $60 million. The stations are KFRG-FM, which broadcasts in Riverside and San Bernardino, and KXFG-FM in Sun City. The stations will add to the 47 FM and 23 AM stations in 13 markets now operated by the Boston-based company. The purchase, which is subject to regulatory approval, extends the rapid expansion by American Radio.
BUSINESS
August 11, 1998 | Bloomberg News
Jacor Communications Inc.'s $620-million purchase of Nationwide Communications Inc. was approved by U.S. regulators on the condition that Jacor sell eight radio stations in California and Ohio. The Justice Department said divestitures in San Diego, Cleveland and Columbus, Ohio, would prevent Covington, Ky.-based Jacor from dominating the radio advertising markets in the three cities. It is the latest regulatory approval in the current round of radio industry consolidations.
BUSINESS
May 28, 1998 | Reuters
The Federal Communications Commission approved CBS Corp.'s $1.6-billion acquisition of American Radio Systems Corp. after requiring only modest divestitures. The FCC told CBS to divest radio stations in the San Francisco-Oakland-San Jose market within six months. CBS must also complete the sale of seven stations in the Boston, St. Louis and Baltimore markets as required by the Justice Department when it approved the deal in March.
BUSINESS
September 20, 1997 | From Bloomberg News
Westinghouse Electric Corp. agreed to buy the broadcast operations of American Radio Systems Corp. for $2.6 billion, giving the nation's largest radio station owner a stronger grip on markets outside the top 10. Westinghouse, which also owns the CBS television network, would pay $44 a share in cash, or $1.6 billion, and assume $1 billion in debt for the fifth-largest radio company's 98 stations.
BUSINESS
November 13, 1996 | SALLIE HOFMEISTER, TIMES STAFF WRITER
The Justice Department on Tuesday approved Westinghouse Electric Corp.'s $3.9-billion purchase of Infinity Broadcasting Corp., pushing the company one step closer to becoming the nation's largest radio owner with 79 stations. The clearance makes it easier for Westinghouse to split into two parts, which industry sources say the company is expected to recommend to shareholders today.
BUSINESS
December 9, 1998 | From Bloomberg News
Infinity Broadcasting Corp., a unit of CBS Corp. and the second-largest U.S. radio network, plans an initial stock sale today that could raise $2.8 billion. Infinity, whose stations carry the Howard Stern and Don Imus shows, expects to sell 135 million shares at $19 to $22 each, making it the fourth-largest IPO by a U.S. company this decade. The sale would give Infinity a total market capitalization of about $17.
BUSINESS
April 1, 1998 | From Associated Press
A proposed radio merger that the Justice Department had challenged was abandoned Tuesday, and the government is requiring the sell-off of 18 radio stations as a condition of approving two other billion-dollar mergers in the rapidly consolidating industry.
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