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NEW YORK - Clear Channel Communications Inc. says it has resolved a legal dispute with its lenders, clearing the way for the leading radio broadcaster to go private.
The agreement announced late Tuesday will bring the San Antonio, Texas-based company private at $36 a share, down from the earlier price of $39.20 a share. That lowers the deal's value to $17.9 billion from $19.5 billion.
Clear Channel had accused its lenders of undermining the deal by trying to change its terms.
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