Clear Channel Shareholders Approve Merger
Jul 25, 2008 2:46 PM
San Antonio, TX - Jul 24, 2008 - Clear Channel Communications shareholders have approved the adoption of the merger agreement with a group led by Bain Capital Partners and Thomas H. Lee Partners. The preliminary tabulation indicates that approximately 97 percent of the votes were cast in favor of the transaction. The three companies plan to consummate the merger on July 30, 2008.