Market News / Story
Clear Channel Outdoor edges higher after winning CFIUS approval for Mubadala sale
Seeking Alpha ·
Seeking Alpha reports: Clear Channel Outdoor ticked higher by 0.4% in after-hours trading after announcing it won approval from the Committee on Foreign Investment in the United States ("CFIUS") for its sale to Mubadala Capital. With the CFIUS approval, all regulatory requirements for the deal have been obtained, and Clear Channel expects the transaction to close next Wednesday, according to a statement. Clear Channel announced its planned sale to Mubadala Capital and TWG Global for $2.43 a…