MediaBuyerPlanner: Clear Channel has set September 25 as the new date for its special meeting of shareholders to consider the proposed merger by the group led by Bain Capital Partners, LLC and Thomas H. Lee Partners. Clear Channel shareholders of record as of 5:00 p.m. Eastern Daylight Savings Time on August 20, 2007, will be entitled to vote at the special meeting.
Under the terms of the agreement, the group will pay Clear Channel shareholders $39.20 per share. Clear Channel’s board has already accepted the proposal.
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- Clear Channel to Sell 362 More Stations
- Clear Channel’s Q1 Profits up 5.6 Percent
- Shareholders to Vote on New Clear Channel Bid on May 8
- Private Equity Consortium May Sweeten Clear Channel Bid
- Clear Channel Delays Vote
- No Competing Bids Received by Clear Channel
- Clear Channel Buyout Signals Growth of Outdoor Market
