NYSE:CCOMedia
Clear Channel Outdoor Buyout Tests Deal Certainty Versus Valuation Upside
Clear Channel Outdoor Holdings (NYSE:CCO) agreed to be acquired by Mubadala Capital and TWG Global in a US$6.2b go private transaction.
The deal includes a 45 day go shop period that allows Clear Channel Outdoor to seek alternative acquisition proposals.
Leadership changes are planned after closing, including the appointment of an executive chairman, with the transaction subject to shareholder and regulatory approval.
Clear Channel Outdoor Holdings operates outdoor advertising assets such...