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D Peter Maus wrote:
CLEAR CHANNEL has agreed to be purchased by THOMAS H. LEE PARTNERS and BAIN CAPITAL. But lenders including CITIGROUP, MORGAN STANLEY, DEUTSCHE BANK, CREDIT SUISSE, ROYAL BANK OF SCOTLAND and WACHOVIA have declined to provide the financing that they once said they would issue. Sounds more to me like the banks unilaterally and arbitrarily decided to pull out of an ironclad contractual commitment they made, and the court told them to live up to their contract. -- One meter, to within 0.0125% accuracy (off by just under .005 inches): Three feet Three inches Three eights of an inch |
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