Clear Channel Communications, Inc. Shareholders Approve Merger with Private Equity Group Co-Led by Bain Capital Partners, LLC and Thomas H. Lee Partners, L.P.

SAN ANTONIO--(BUSINESS WIRE)--Clear Channel Communications, Inc. (NYSE:CCU), a global leader in the radio broadcasting and out-of-home advertising industries,...

Judge Helen E. Freedman turned down a request from six banks to drop a lawsuit brought against them by Clear Channel for allegedly changing a funding deal to buy out Clear Channel.  Freedman said she would let Thomas H. Lee and Bain Capital, the buyers of Clear Channel, to pursue their complaint about “specific performance,”..they contend that the banks should be forced to follow through with the exact terms of their deal to finance $19.4 bill...