Egan-Jones opposes bid for Clear Channel

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EGAN-JONES OPPOSES BID FOR CLEAR CHANNEL
[SOURCE: Reuters 4/27, AUTHOR: Megan Davies]
Proxy advisory service Egan-Jones recommended on Friday that shareholders oppose a sweetened $19.5 billion bid to take radio station operator Clear Channel Communications private. Egan-Jones said the $39-a-share bid "remains insufficient." It said Clear Channel could generate greater value by staying independent and selling selected assets.
http://www.reuters.com/article/technology-media-telco-SP/idUSN2738356020...


Egan-Jones opposes bid for Clear Channel