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Reuters: Clear Channel buyers sue banks over $20 bln deal

Started by chris, March 27, 2008, 12:01:02 AM

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chris

Clear Channel buyers sue banks over $20 bln deal
      


NEW YORK (Reuters) - The $20 billion leveraged buyout of U.S. radio operator Clear Channel Communications Inc  on Wednesday descended into litigation as the private equity buyers sued the banks which had agreed to finance the deal to force them to complete the transaction.
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