Wednesday, July 18, 2007

Will Clear Channel buyout change Digital Billboard rollout

July 17, 2007

Clear Channel shareholders will vote on July 27 to consider the latest offer from a private equity group led by Bain Capital Partners and Thomas H. Lee Partners. Their offer of almost $19.5 billion is $39.20 per share.

It will be interesting to see if this deal affects their digital billboard expansion. generally the debt load on buyouts like this prevents or greatly reduces capital expenditures.

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