Clear Channel Communications mailing proxy statements, seeks merger approval on March 21

By Lisa Kerner

Charlotte, N.C., Jan. 29 - Clear Channel Communications, Inc. said it will mail definitive proxy materials to shareholders this week relative to a special shareholders' meeting scheduled for March 21.

The company is urging shareholders to approve its proposed merger with a company controlled by Bain Capital Partners, LLC and Thomas H. Lee Partners, L.P., for $37.60 per share in cash, according to a news release.

Clear Channel is a global media and entertainment company based in San Antonio, Texas.

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