Clear Channel buyers sue banks over $20 bln deal
(Reuters)
<p><img src="http://d.yimg.com/us.yimg.com/p/nm/20080327/2008_03_26t060306_450x280_us_clearchannel_lawsuit.jpg?x=130&y=80&q=85&sig=9g0af6R0j36qr46nDwEnzQ--" align="left" height="80" width="130" alt="A view of the Clear Channel offices in Burbank, California March 24, 2008. The $20 billion leveraged buyout of U.S. radio operator Clear Channel Communications Inc was in jeopardy on Tuesday, with banks increasingly reluctant to provide financing, a source familiar with the situation said. (Fred Prouser/Reuters)" border="0" /> (http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080327/bs_nm/clearchannel_dc)Reuters - The private equity firms trying to buy
U.S. radio operator Clear Channel Communications Inc.
on Wednesday filed lawsuits against the banks which agreed to
fund the $20 billion buyout to force them to finance it.</p><br clear="all"/>
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