Clear Channel Communications: Deal may not close

Clear Channel Communications reported to Wall Street that the proposed buyout may not close.

See AP Story.

Major banks that were part of the deal are withholding the loans to close the private buy out. There is considerable talk on the street that the company should remain public as the cash flow and profit margin is favorable.

Stay Tuned.

This entry was posted on Friday, March 28, 2008 at 8:29 am and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.

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