Friday, May 18, 2007

CalPERS says supports new Clear Channel bid

(Reuters) - A CalPERS spokesman said Friday it would support a higher
bid of $39.20 from the buyout firms and was evaluating whether
to take an option of owning shares in the company following the
buyout.




CalPERS said it owns 3.1 million shares of Clear Channel.


Read more at Reuters.com Bonds News

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