Clear Channel, banks, buyers in settlement talks

Monday, May 12, 2008 - 16:42 in Mathematics & Economics

(AP) -- Clear Channel Communications Inc. and its prospective buyers are talking with banks to try to settle a dispute over whether the banks must fund promised loans for the $19.5 billion takeover, the radio and outdoor advertising company said Monday. Clear Channel shares jumped $2.87, or 9.6 percent, to $32.87.

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