Net News search results for: bain capital partners
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July 30, 2008
Clear Channel Communications, Inc. Completes Merger With Bain Capital, Thomas H. Lee
CLEAR CHANNEL COMMUNICATIONS, INC. has announced the completion of the protracted and at times bumpy $24 billion merger with CC MEDIA HOLDINGS, INC., formed by a private equity group co-led by BAIN CAPITAL PARTNERS, LLC AND THOMAS H. LEE PARTNERS, L.P. … more »
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July 24, 2008
Shareholders OK Clear Channel Deal
Shareholders of CLEAR CHANNEL COMMUNICATIONS have approved the buyout deal that will take the company private under a merger agreement with BAIN CAPITAL and THOMAS H, LEE PARTNERS. About 97% of the shares voted were cast in favor of the merger, which is … more »
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July 23, 2008
CC Shareholder Vote Set For Tomorrow
It's been 20 months since the announcement of a deal that would take SAN ANTONIO-based CLEAR CHANNEL COMMUNICATIONS private. Now the $17.9 billion deal for the nation's largest owner of radio stations is finally set to close a week from TOMORROW (7/31). … more »
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June 16, 2008
NBCU And Partners Closer To Weather Channel Deal
NBC UNIVERSAL and partners BAIN CAPITAL and BLACKSTONE GROUP have entered exclusive negotiations to buy THE WEATHER CHANNEL from LANDMARK COMMUNICATIONS, according to the WALL STREET JOURNAL. NBCU and its partners were competing with TIME WARNER as … more »
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June 16, 2008
Report: CC To Start Selling Term Loan Tomorrow
CLEAR CHANNEL COMMUNICATIONS will begin selling a portion of its $10.7 billion term loan B to loan investors TUESDAY morning, a source close to the deal told REUTERS Loan Pricing Corp. The term loan tranche is one part of a larger $19.1 billion financing … more »
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June 12, 2008
Clear Channel Sets Special Merger Meeting
CLEAR CHANNEL COMMUNICATIONS will hold a special meeting of its shareholders on JULY 24th at which the proposed merger with the group led by BAIN CAPITAL PARTNERS, LLC and THOMAS H. LEE PARTNERS, L.P will be considered. CLEAR CHANNEL shareholders of … more »
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May 28, 2008
CC Funding In Place, Closing Expected By End Of Q3
CLEAR CHANNEL said WEDNESDAY that full funding for its buyout by BAIN CAPITAL and THOMAS H. LEE PARTNERS has been put into escrow with the BANK OF NEW YORK and that the deal is expected to close by the end of third quarter 2008 pending shareholder … more »
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May 23, 2008
Clear Channel Says Bank Syndicate Funds Takeover
CLEAR CHANNEL COMMUNICATIONS on THURSDAY said the bank syndicate providing the financing has fully funded the company's $17.9 billion takeover by private equity funds THOMAS H. LEE PARTNERS and BAIN CAPITAL, reports REUTERS. Earlier this month (NET NEWS … more »
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May 16, 2008
WSJ: For CC's Founding Mays Family, Less Is More
For CLEAR CHANNEL COMMUNICATIONS INC.'s founding MAYS family, the radio company's revised privatization deal will result in a smaller payday on paper than the family would have received in previous iterations of the transaction. But analysts say the … more »
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May 14, 2008
Clear Channel, Lenders Strike Deal At $36 A Share
As first reported late last night on ALL ACCESS, the CLEAR CHANNEL buyout settlement has officially been announced, with the company and its buyout backers THOMAS H. LEE PARTNERS and BAIN CAPITAL reaching a deal with lenders CITIGROUP, DEUTSCHE BANK, … more »