The offer from a private equity group led by Thomas H. Lee Partners LP and Bain Capital Partners LLC was first announced last November but was sweetened several times after some large shareholders signaled they would oppose earlier offers.
The latest offer of $39.20 per share in cash or stock in what would be a privately-owned company has appeased at least some of the big holdouts. Current shareholders could end up with as much as 30 percent of the new company.
Those who elect to keep shares in the new company will be issued shares expected to trade over-the-counter, but the shares will not listed on any major exchange, according to company filings made Thursday with the Securities and Exchange Commission.
The buyers will also assume $8 billion in debt in the deal.
Shareholders who owned stock as of Monday will be eligible to vote. The deal is expected to close before the end of the year.
Shares of Clear Channel slipped 15 cents to $36.85 in afternoon trading Thursday.
Putin's official spokesman Dmitry Peskov commented on remarks in the US media about failures in launching nuclear-capable missiles in Russia
More than 5.8 million people voted for Nicholas Maduro at the presidential election in Venezuela. This is more than a quarter of registered voters. Why did those people vote for the man, who, as Western media write, took Venezuela to the brink of collapse?
It has long been understood that the West has been trying to subject Russian borders to total control. We have not seen such activity even during the Cold War