Clearing House Advisory Notices
To | Clearing Member Firms
From | CME Clearing
Subject | CORPORATE EVENT: Clear Channel Communications ("CCU")
Notice Date | 2008-07-30
Notice Number | 08-170
Effective Date | 2008-07-31
On July 24, 2008, Shareholders of Clear Channel Communications, Inc. ("CCU") voted concerning a proposed merger with a company formed by private equity funds sponsored by Bain Capital Partners, LLC and Thomas H. Lee Partners L.P. The merger was approved and subsequently consummated on July 30, 2008. As a result, CCU Non-electing Common Shares will be converted into $36.00 Cash for each CCU Common Share. This action will be coordinated with the Options Clearing Corporation. For the full text of this advisory...