IN THE CURRENT FRENZY of eye-popping private equity offers, sometimes a buyout isn't exactly a buyout.Witness the latest deal for radio and billboard giant Clear Channel Communications Inc., which offers cash but also allows up to 30 percent of public shareholders to stick around and hold part of the privatized company.
June 04, 2007 at 12:00 AM
1 minute read
IN THE CURRENT FRENZY of eye-popping private equity offers, sometimes a buyout isn’t exactly a buyout.
Witness the latest deal for radio and billboard giant Clear Channel Communications Inc., which offers cash but also allows up to 30 percent of public shareholders to stick around and hold part of the privatized company. A similar deal was reached in April for sound equipment maker Harman International Industries Inc.
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