Clear Channel, banks, buyers in settlement talks

User rating: not rated yet

(AP) -- Clear Channel Communications Inc. and its prospective buyers are talking with banks to try to settle a dispute over whether the banks must fund promised loans for the $19.5 billion takeover, the radio and outdoor advertising company said Monday. Clear Channel shares jumped $2.87, or 9.6 percent, to $32.87.


Full story »

All News summaries from Technology news
All News summaries for May 12, 2008