Two Big Shareholders Still Unsure - Radio World

Two Big Shareholders Still Unsure

The L.A. Times reports that while Clear Channel has accepted a higher bid from Thomas H. Lee Partners and Bain Capital Partners - one worth about $19.5 billion, or 4% more than before - the deal is "far from complete."
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The L.A. Times reports that while Clear Channel has accepted a higher bid from Thomas H. Lee Partners and Bain Capital Partners - one worth about $19.5 billion, or 4% more than before - the deal is "far from complete."

Major shareholders Fidelity Investments and Highfields Capital Management, the first- and third-largest stakeholders, reportedly will vote against the offer on May 8, the newspaper said.

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