| Clear Channel agrees raised bid, moves vote date |
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| Sunday, 20 May 2007 | |
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NEW YORK, May 18 (Reuters) - Clear Channel Communications Inc. (CCU.N: Quote, Profile, Research said on Friday its board approved an increased buyout proposal of $39.20 a share, or $19.6 billion, which includes an option that allows current shareholders to take about a 30 percent stake in the restructured company.
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