March 27, 2008

Buddy, can you spare me a few billion?

26.92, -5.64, -17.3%)
said a Texas judge granted a temporary restraining order for banks not interfere with or thwart consummation of a planned $19 billion buyout by private-equity firms Thomas H. Lee Partners LP and Bain Capital Partners LLC. "We are pleased that the banks and the purchasers will now be able to move quickly to complete the loan documents and fund the merger," Clear Channel said in a statement.

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