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Mergers & Acquisitions

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Deal Overview

Buyer:
Entravision Communications Corporation
Actual Acquirer:
Entravision Communications Corporation
Target:
Four radio stations
Deal Type:
Media & Entertainment
Agreement Date:
12/23/2002
Announcement Date:
4/16/2003
Announced Deal Value ($ M):
142.56
Status:
Completed
Completion Date:
4/16/2003

Consideration Breakout
Cash ($M) 100.0
Common Stock ($M) 35.8
Common Stock Issued 3,766,478

Deal Terms
Description of Consideration

Entravision Communications Corporation paid $100.0 million in cash, including $1.0 million in escrow, and issued approx. 3.8 shares of Class A common stock to acquire four radio stations from Big City Radio Inc.

Accounting Method Purchase
Merger of Equals? No
Bankruptcy Sale? No
Minimum Termination Fee ($ 000) 0
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes UBS Warburg LLC
Seller Yes Jorgenson Broadcast Brokerage
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer NA NA
Seller Yes Hogan & Hartson LLP