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Clear Channel Communications: Deal may not close

Posted By SDRadio On Friday, March 28, 2008 @ 8:29 am In News | No Comments

[1]


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

See [2] 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.


Article printed from ©2008 SDRadio.net | San Diego Radio: http://sdradio.net

URL to article: http://sdradio.net/2008/03/28/clear-channel-communications-deal-may-not-close/

URLs in this post:
[1] : http://sandiegobloggers.com/
[2] AP Story: http://biz.yahoo.com/ap/080328/clear_channel_buyout.html

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