Clear Channel

Clear Channel Communications Inc. (NYSE: CCU) has agreed to be acquired for $37.60 per share by a group co-led by Bain Capital and Thomas H. Lee Partners. The total transaction value is $26.7 billion, including the assumption or repayment of approximately $8 billion in net debt. Leverage commitments are coming from Morgan Stanley, Citigroup, Deutsche Bank, Credit Suisse, RBS and Wachovia