December 4, 2007 / 2:26 PM / 10 years ago

Clear Channel says buyout deal to close in Q1 2008

1 IN. DI LETTURA

Dec 4 (Reuters) - U.S. radio operator Clear Channel Communications Inc (CCU.N) said it expects the closing of its acquisition by Bain Capital Partners and Thomas H. Lee Partners to occur in the first quarter of 2008.

The company said it does not expect the necessary regulatory conditions related to the deal to be satisfied in time to allow for a closing of the merger prior to the end of 2007. (Reporting by Neetha Mahadevan in Bangalore; Editing by Pratish Narayanan)

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