Clear Channel Deal Would Be Third-Largest U.S. Buyout

It wouldn’t be the biggest buyout ever; but it would be close.
Yet there are some wild cards in the news that came out of Clear Channel this week, and analysts, media observers and others are sifting through the details of what it all means.
The Associated Press quotes Mark Mays saying the time was right to take the company private because its stock was being undervalued by equity markets. “We tried to figure out what would be a way out of that and obviously the private equity markets have a much different view,” it quoted him as saying.
AP looks at the third-largest buyout in U.S. corporate history. (The value of the sale varies in headlines because some include debt, others exclude it.)