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Digital Media Wire (Free subscription) | yesterday
San Antonio, Texas - Radio giant Clear Channel (NYSE: CCU) announced on Friday that its shareholders have approved its $17.9 billion sale to private equity firms Bain Capital Partners and Thomas H. Lee Partners, with approximately 97% of shares voted cast in favor of the deal. The private equity firms initially offered $37.60 per share back in November 2006, but with the credit market downturn...
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The Earth Times Online Newspaper (Free subscription) | 07/24/2008
SAN ANTONIO, Texas (Reuters) - Radio operator Clear Channel Communications Inc shareholders have approved the $17.9 billion takeover by private equity funds Thomas H. Lee Partners and Bain Capital.
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Reuters (Free subscription) | 07/24/2008
SAN ANTONIO, Texas (Reuters) - Radio operator Clear Channel Communications Inc shareholders have approved the $17.9 billion takeover by private equity funds Thomas H. Lee Partners and Bain Capital.
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Market Watch (Free subscription) | 07/24/2008
SAN FRANCISCO (MarketWatch) -- Clear Channel Communications Inc. said Thursday that it believes its shareholders have approved the broadcasting company's merger with Bain Capital Partners LLC and Thomas H. Lee Partners L.P. Clear Channel said that an initial tally showed more than 97% of the company's total shares outstanding were cast in favor of the merger, which values Clear Channel at $36...
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LA Biz Observed (Free subscription) | 1 hour ago
Before federal regulators finally moved in, the Pasadena mortgage lender tried to attract the interest of more than a dozen private-equity firms, according to the LAT's Scott Reckard. The last-minute effort to pump cash into the faltering company, dubbed Project Iron Man, never came to anything. Among those on the list of potential investors: Thomas H. Lee Partners, Ares Management, Golden Gate...
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Boston Globe (Free subscription) | yesterday
... week.The buyers, a group led by Boston-based private equity firms Bain Capital Partners LLC and Thomas H. Lee Partners LP, initially offered $37.60 per share in November 2006.Some shareholders then opposed the deal as offering too little. But as the credit markets dried up, financing for the buyout became difficult, and the banks, buyers and company settled for a price of $36 per share on...