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NEW YORK Clear Channel’s board of directors accepted a $26.7 billion offer today from private equity investors Bain Capital Partners and Thomas H. Lee Partners.
The deal will take the massive multimedia company private at $37.60 per share, nearly a 25 percent premium on the stock, based on a 30-trading-days average ending Oct. 24—the day before the San Antonio-based company disclosed it hired investment bank Goldman, Sachs and Co. to evaluate its strategic options.
Clear Channel said the $26.7
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