Clear Channel Takeover On The Verge Of Collapse - Congoo

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Clear Channel Takeover On the Verge of Collapse

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Seeking Alpha | March 27, 2008

What would have been one of the biggest acquisitions of the now moldering corporate buyout boom looks to be unraveling as banks, suffering from a drought of liquidity, balk on financing the transaction. Clear Channel Communications (CCU) dropped 16% yesterday after the Wall Street Journal reported t...

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