[BC] Clear Channel Buyout

[Mike McCarthy]

Actually, there is more to it than that.  The buy-out also leaves 
room for up to 30% of the stock to remain in existing stockholders 
hands.  A "stub" as they call it.

Previous deals valued at more than $36/share have failed.  So this is 
by no means a done deal.  Though it might be fate-accompli given the 
financial markets these days. They're not going to get a better deal 
and the only thing propping the stock right now is this deal.  If the 
deal blows up completely, expect the stock to plunge to well below 
$20/share to join with the rest of the industry in it's sloshing 
around in the mud.

MM

At 10:19 AM 5/14/2008 -0500, Urban, Brian L wrote
>AP is reporting this morning that Clear Channel has settled its dispute with
>lenders financing the buyout.  Looks like the sale is on at $36/share.