"IBOCcrock" wrote in message
ups.com...
On Sep 26, 6:40 am, IBOCcrock wrote:
"Clear Channel Interrupted"

"Back when Clear Channel stock was selling in the $90 range,
executives predicted it would be a $100 stock. That never happened. In
fact, the bottom eventually fell out. Under the deal approved
yesterday, Clear Channel shareholders were to get only $39.20 in cash
per share and current shareholders could get as much as 30% of the new
company."

http://insidemusicmedia.blogspot.com...nel-interrupte...

"The new owners will assume $8 billion in debt."

What a deal!

Yeah, it is a great deal. Loads of cash flow, low debt to equity ratio,
great asset values.