INDIANAPOLIS, Dec. 12, 2011 /PRNewswire/ -- Emmis Communications Corporation (NASDAQ: EMMS, EMMSP) hereby announces that it has increased the minimum tender price in its modified "Dutch auction" tender offer (the "Offer") to purchase up to $6,000,000 in value of shares of its 6.25% Series A Cumulative Convertible Preferred Stock, par value $0.01 per share (the "Preferred Shares"). Emmis is offering to purchase its Preferred Shares at a price per share not less than $14.00 and not greater than $15.56. Tendering shareholders may continue to use the Letter of Transmittal which was previously circulated. While that Letter of Transmittal indicates that Emmis is offering to pay $12.50 to $15.56 per share, shareholders using that Letter of Transmittal will nevertheless be subject to the increased minimum of $14.00 per share. Any shares previously tendered at a price below $14.00 per share shall be deemed to have been tendered at $14.00 per share.
Emmis Announces Increase In Minimum Tender Price In Its Modified "Dutch Auction" Tender Offer To Purchase Up To $6 Million Of Its 6.25% Series A Preferred Stock
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