Clear Channel Outdoor Holdings, Inc. Announces Termination of Agreement to Sell its Business in Spain to a Subsidiary of JCDecaux Following Regulatory Review [Yahoo! Finance]
Clear Channel Outdoor Holdings, Inc. (CCO)
US:NYSE Investor Relations:
company.clearchanneloutdoor.com/investor-relations
Company Research
Source: Yahoo! Finance
JCDecaux SE has terminated the previously announced agreement to acquire the Company's business in Spain after deciding to withdraw its regulatory filing with the Spanish National Markets and Competition Commission (the "CNMC") in light of the commitments required by the CNMC. The Company will continue operating its business in Spain and remains focused on executing its strategic priorities in its America and Airports segments. "We at Clear Channel respect the regulatory process and have fully complied with requests from the CNMC, acting in good faith to enable JCDecaux to receive approval and complete the transaction," said Scott Wells , Chief Executive Officer of Clear Channel Outdoor. "Over the course of the seventeen-month period since the agreement was announced, our business in Spain has performed well despite the distractions inherent in a sales process. With this development, we will continue to operate our assets in Spain and serve our customers. We will not change our focu
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CCO
Sec Filings
- 12/4/24 - Form SC
- 12/4/24 - Form 8-K
- 11/6/24 - Form 4
- CCO's page on the SEC website