(Reuters) - The bidders were also considering minor tweaks to their offer, although they were not looking at hiking the price further, the source told Reuters late Sunday night.
Clear Channel rejected the $39.20 a share proposal from Bain Capital Partners and Thomas H. Lee Partners on Thursday, saying in a statement that accepting the offer would delay the date of a special meeting by up to 90 days, with no certainty the transaction would be approved by shareholders.
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