Tuesday, July 17, 2007

Clear Channel sets clock ticking on investor vote

(Reuters) - Investors have to own shares before that date if their vote
on the deal is to be counted.




San Antonio-based Clear Channel agreed in May to put a
$39.20-a-share bid from Bain Capital Partners and Thomas H. Lee
Partners [THL.UL] to a shareholder vote. That deal gives
investors an option to hold a stake of up to 30 percent in the
company following the buyout, known as "stub equity".


Read more at Reuters.com Mergers News

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