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Clear Channel Board Takes Private Equity Bait

By M. Morris, Newser Staff

Posted May 18, 2007 3:14 PM CDT

(Newser) – After months of stops and starts, Clear Channel's board today gave the green light to a $19.5 billion buyout offer. The communications giant bit after Thomas H. Lee Partners and Bain Capital, which have been bidding since November, gained the backing of two large... Read full story »

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Clear Channel Board Takes Private Equity Bait

private equity • radio • Clear Channel • Bain Capital • Thomas H. Lee Partners • shareholders • business • privatization • communication

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Clear Channel, Buyers Sue Banks Over Soured Deal

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