Clear Channel banks to fund buyout: report
NEW YORK (Reuters) - The banks that had been trying to pull out of the funding for the $20 billion buyout of Clear Channel Communications (CCU.N) have reached a settlement with the private equity firms that had sued them, the Wall Street Journal reported on Monday.
Under the terms of the deal, the banks will fund a takeover at a price of $36 a share, the newspaper said in its Web site.
(Reporting by Christian Plumb)
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