Revised Timeline For CBS/Entercom Merger
“However,” the filing continues, “if as of January 31, 2018, the conditions to the closing of the Merger concerning the expiration or termination of any applicable waiting period under the HSR Act, the approval of the FCC, the approval of Entercom’s shareholders and the absence of any law or order restraining, enjoining or prohibiting the consummation of the transaction have all been satisfied, CBS may not terminate the Merger Agreement due to the passing of the termination date of the Merger Agreement.” That being said, however, CBS remains optimistic that the transaction will be completed during the fourth quarter of 2017.