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)
AMSTERDAM (Reuters) - General Motors has dropped a December 31 deadline for bids for its Swedish car brand Saab, which will restart some production lines in January after a shutdown, Saab said on Wednesday.
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