Advertisement
 

Clear Channel arbitration sought

In Brief | ACQUISITIONS

April 23, 2008|From Times Wire Services

The banks involved in the $20-billion buyout of radio station operator Clear Channel Communications Inc. offered to enter binding arbitration with the private equity buyers to settle a dispute over funding.

The offer, which came two days before a court hearing in the dispute, was rejected by the equity buyers, Thomas H. Lee Partners and Bain Capital Partners.

The banks are Citigroup Inc., Morgan Stanley, Credit Suisse Group, Royal Bank of Scotland Group, Deutsche Bank and Wachovia Corp.

Advertisement
Los Angeles Times Articles
|
|
|