Clear Channel Outdoor announces expiration of merger go-shop period

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Solid rebound in Hormuz tanker flows backs Trump’s claim Oil prices resume climb amid tempered Iran peace effort hopes Retired U.S. admiral warns Iran war could last longer than expected Iran conflict latest: Pentagon weighing sending additional ground troops, WSJ says (South Africa Philippines Nigeria) Clear Channel Outdoor announces expiration of merger go-shop period By SEC Filings Published 03/27/2026, 07:32 AM Clear Channel Outdoor announces expiration of merger go-shop period 0 CCO -0.42% Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) announced Thursday that the 45-day “go-shop” period under its previously disclosed merger agreement expired at 11:59 p.m. New York City time on March 26. The announcement was made in a statement based on a filing with the Securities and Exchange Commission. The merger agreement, dated February 9, 2026, is between Clear Channel Outdoor, Madison Parent Inc., and Madison Merger Sub Inc., a wholly owned subsidiary of Madison Parent. If completed, the agreement provides that Madison Merger Sub will merge with and into Clear Channel Outdoor, with the company continuing as a wholly owned subsidiary of Madison Parent.The timing of the transaction comes as Clear Channel Outdoor shares trade at $2.37, near their 52-week high of $2.43, following a remarkable 112% gain over the past year. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value estimate. The company’s market capitalization stands at $1.18 billion. During the go-shop period, Clear Channel Outdoor’s financial advisors, Morgan Stanley & Co. LLC and Moelis & Company LLC, contacted 46 third parties to solicit alternative acquisition proposals. Seven parties executed non-disclosure agreements and received certain non-public information about the company, but no indications of interest or acquisition offers were made. With the expiration of the go-shop period, Clear Channel Outdo...