Clear Channel Sets Date For Buyout Vote Clear Channel Communications on September 25, 2007 will host a special shareholders meeting to allow investors to vote on its proposed $19.6 billion privatization bid. It’s the fifth date the company has set for a shareholder vote on the deal, as delays caused by investor discontent over the buyout price forced the company to reschedule votes planned in March, April and May.
Shareholders will consider an offer from Bain Capital Partners, LLC and Thomas H. Lee Partners, two private equity groups, to pay $39.20 per share to acquire all of Clear Channel's stock.
