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Clear Channel Outdoor Holdings Inc. Message Board

  • etopper12 etopper12 Mar 7, 2012 5:08 PM Flag

    December 2011 656 million

    dividend to parent corp -actually earlier. Committee formed Dec 2011 to investigate. Corp wants to say it was repayment of loan.
    Wow! If it was an illegal dividend there will be a settlement. More $? pay off borrowed $ for this dividend(March)? See hedge funds are good for something.

    Article(March 7 2012) is from Bloomberg and in headlines for CCO on Yahoo. Is it possible, I have caught a break-time will tell.
    Bias long-also long on NCT CXS RSO RNF NBS RELZF

    GLTlongs

 
CCO
9.825+0.565(+6.10%)Dec 18 3:58 PMEST

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