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Clear Channel Agrees to $26.7 Billion Merger

Published on November 16, 2006
Clear Channel Communications has entered into an agreement with a group led by Thomas H. Lee Partners, L.P. and Bain Capital Partners, LLC, in which the group will acquire Clear Channel in a transaction with a total value of approximately $26.7 billion. The agreement includes the assumption or repayment of approximately $8.0 billion of net debt.