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At the 11th hour, Clear Channel has decided to reschedule the shareholder meeting that had been scheduled for May 8, moving it to May 22. The company’s board of directors has been in discussions with Bain Capital and Thomas H. Lee & Partners regarding possible changes in the terms of the proposed deal.
A proposal that would increase the price per share paid to shareholders from $39.00 to $39.20, along with the opportunity for unaffiliated shareholders to elect between cash and stock in the surviving corporation following the completion of the deal, is under discussion, writes Mediaweek.
The board rejected a similar revised proposal last week, because while it increased the given price to shareholders, it did not to the Mays family and other directors. The board said at the time that in order to consider the revised deal, it would have to delay the May 8 vote, which it wasn’t willing to do at the time. Shareholders asked the board to rethink that decision.
Volvo will become the first automaker to offer HD Radio as standard equipment in all but one of its 2009 models. The running change becomes effective next month on the 2009 Volvo model lineup.
“Our drivers expect the highest quality…
The current issue of Cottage Living will be its last. Time Inc., in the midst of a major restructuring, is closing the books on the title.
The magazine had a solid start four years ago and managed to boost circulation…
Samsung Mobile has extended its branding campaign that has seen charging stations being installed at major airports across the country.
115 new charging stations have been installed throughout George Bush Intercontinental Airport in Houston, Miami International Airport, and Washington Dulles…
China Central Television, China’s top TV network, brought in 9.26 billion yuan, or $1.36 billion, during the live auction that is its version of the upfront earlier this week.
That’s a 15% increase in revenue over last year, though the…
Some 20% of top brand marketers continue to send additional emails to consumers, even after they confirm requests from those consumers to “unsubscribe” from an email marketing list, according to a research study from Return Path, MarketingCharts writes.
Though the study,…
An overwhelming majority of mothers in America (90%) saw the economy getting weaker even before the collapse on Wall Street, and more of them now (40%) feel stressed about their current family life than feel good about the way things…
