Clear Channel Litigation Settling, Deal Re-Negotiated
Submitted by LawWench on Tue, 2008-05-13 03:08.
Thanks to our colleagues over at Deal Journal, we have this exciting piece of private equity news: The Clear Channel buyout is being renegotiated and the litigation is settling, according to a source. The i-banks funding the buyout are expected to pay $36 per share, an 8% reduction from the original deal price of $39.20. [...]
