Clear Channel 2006 Harvard Case Solution & Analysis

The Board of Directors of the Clear Channel Communications, a radio spreading and outdoor marketing firm, needs to respond to a revised proposition from two private equity firms to choose the firm private. In November of year 2006, the Board had collectively permitted an offer of $37.60 per share after going through extreme discussions with numerous firms, but institutional shareholders had indicated that they would reject this offer.

In light of this recent news, the two private equity firms had come back with a revised offer to the Board. Now the Board must decide whether it believes the institutional shareholders, one of which is an activist hedge fund will be satisfied by the new proposal.

PUBLICATION DATE: November 07, 2007 PRODUCT #: 208083-HCB-ENG

This is just an excerpt. This case is about FINANCE & ACCOUNTING

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Clear Channel 2006

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