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Clear Channel's $200M Dividend OK'd In Investor Suits

By Jeff Sistrunk (September 9, 2013, 5:25 PM EDT) -- Clear Channel Outdoor Holdings Inc. on Monday won approval of a settlement calling for it to pay a $200 million dividend to resolve two shareholder lawsuits accusing its parent company's owners, Bain Capital Partners and Thomas H. Lee Partners, of bullying the subsidiary into loaning its ailing parent more than $656 million at a sweetheart rate....

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