29 minutes ago
WASHINGTON (Reuters) -
A managing director of Thomas H Lee,
one of the private equity firms behind the near $20 billion
buyout of U.S. radio operator Clear Channel Communications Inc,
said on Tuesday he was confident the deal would go through.
"We continue to be confident that the Clear Channel deal is
going to get done," Richard Bressler, managing director at
Thomas H Lee Partners, said after a congressional hearing in
Washington, D.C.
The market has been nervous about the buyout closing as the
credit turmoil made financing large leveraged deals tough to
do.
(Reporting by Peter Kaplan, writing by Megan Davies,
editing by Maureen Bavdek)
This content was originally posted on http://entertainews.blogspot.com/ © 2008 If you are not reading this text from the above site, you are reading a splog
No comments:
Post a Comment