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Home >> Legal News >> BREAKING CLEAR CHANNEL SETTLEMENT NEAR; BANKS TO FUND THE DEAL AT $36 PER SHARE WSJ

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BREAKING CLEAR CHANNEL SETTLEMENT NEAR; BANKS TO FUND THE DEAL AT $36 PER SHARE WSJ

2008-05-12 10:00:06.147

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A settlement to the Clear Channel (NYSE: CCU) mess that will see the banks fund at $36 per share the deal is near at hand, reports WSJ. Absent exact terms of the settlement, longsuffering Clear Channel shareholders like the news, as the stock is up over 11 percent today to nearly $33.50. The market senses something was in the works on reports this morning that the judge had delayed the trial ...

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