Analysis: Clear Channel deal's failure sets precedent

03/28/2008 | Financial Times (free content)

The breakup of the leveraged buyout of Clear Channel is unique in that it puts the banks at the center of the controversy, according to a Financial Times analysis. The private-equity firms have filed lawsuits against the banks for the deal's collapse. The failure also sets a difficult precedent for future leveraged buyout deals.

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Financial Times (free content)

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