April 2, 2019Merger Agreement • December 17th, 2018
Contract Type FiledDecember 17th, 2018On March 27, 2019, Clear Channel Outdoor Holdings, Inc. (“CCOH”) and its immediate parent company, Clear Channel Holdings, Inc. (“CCH”), entered into a merger agreement (the “Merger Agreement”) providing for the merger (the “Merger”) of CCOH with and into CCH as part of a series of transactions to separate the business of CCOH from its ultimate parent company, iHeartMedia, Inc. (“iHeartMedia”). The separation will occur in conjunction with iHeartMedia’s emergence from bankruptcy proceedings under Chapter 11 of the United States Bankruptcy Code. The separation is expected to be effected pursuant to the separation agreement described in the enclosed information statement/prospectus.