Posts tagged Paul Murphy
Clear Channel goes to Thomas H Lee and Bain

As private equity bid fests go, this was a big one - and by all accounts it went down to the wire. Clear Channel Communications, the advertising and radio group, announced on Wednesday that a buyout group led by Thomas H Lee Partners and Bain Capital will pay $26.7bn to take the business over. That includes taking on $8bn of debt and equates to $37.60 a share in cash.

FT Article