Clear Channel Outdoor Holdings finalizes its acquisition by Mubadala Capital, resulting in the delisting of its common stock from the NYSE as the firm moves to private status.
Clear Channel Outdoor Holdings has finalized its acquisition by Mubadala Capital, marking a significant shift in the company's ownership structure. As a direct consequence of this transaction, the company's common stock will cease trading on the New York Stock Exchange, effectively taking the firm private.
The company completed its acquisition by Mubadala Capital and is no longer a publicly traded entity.
No, following the completion of the acquisition, the shares are expected to be delisted from the NYSE.
Clear Channel Outdoor Holdings has finalized its acquisition by Mubadala Capital, marking a significant shift in ownership for the U.S. out-of-home advertising leader. The transaction triggers the delisting of the company's shares from the New York Stock Exchange as it transitions to private ownership.
Following the completion of the acquisition by Mubadala Capital, Clear Channel Outdoor shares will be delisted from the New York Stock Exchange.