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ID: 34029
Title: Clear Channel gets higher bid, vote still unclear (Reuters)
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The logo for Clear Channel Communications is seen on a billboard in a file photo. The buyout groups bidding for Clear Channel Communications are considering raising their offer up to $39 a share, or $19.5 billion, as pressure increases ahead of a shareholder vote scheduled for Thursday, a source familiar with the situation said. (Marc Serota/Reuters)Reuters - Two buyout firms raised their bid for Clear Channel Communications Inc. to $19.5 billion on Wednesday in an eleventh-hour push to get shareholder approval, although it was unclear whether the new price would persuade enough investors to support the deal.


Category: Business/
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Date Added: April 19, 2007 12:23:01 AM
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