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Bain Capital, THL now pay $36 per share to complete Clear Channel buy-out

14 May 2008

The legal dispute over financing the buy-out of Clear Channel Communications appears to be resolved. Bain Capital Partners and Thomas H. Lee Partners, supported by a banking consortium, have now agreed to acquire Clear Channel for $36 per share per share or approximately $17.9bn, down from the original $37.60 per share and the later revised $39.20 per share.

 

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