(Reuters) - Clear Channel originally rejected the $19.6 billion, or $39.20, bid, made last week by the buyout firms, arguing 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. The bidders previously offered $39.
But shareholders have since been putting pressure on Clear Channel to reconsider its decision.
Read more at Reuters.com Business News
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