Clear Channel Sets March 21 Vote On Sale Plan
January 29, 2007 at 12:48 PM (PT)
CLEAR CHANNEL tells the SEC that it will start sending proxy materials to its shareholders in preparation for a MARCH 21 vote on the proposed deal that would take the company private.
The vote on the plan to merge into a new entity controlled by BAIN CAPITAL PARTNERS and THOMAS H. LEE PARTNERS will be open to shareholders of record as of JANUARY 22 and will take place at a special meeting at the WESTIN RIVERWALK HOTEL in SAN ANTONIO at 8a CT MARCH 21. Shareholders would receive $37.60/share under the proposal.