Clear Channel Outdoor Continues Review Of Strategic Alternatives For Its Other European Businesses
Portfolio Pulse from Benzinga Newsdesk
Clear Channel Outdoor (CCO) is continuing its review of strategic alternatives for its other European businesses, following the sale of its European assets in France, Italy, and the Netherlands.

May 30, 2023 | 9:09 pm
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Clear Channel Outdoor is reviewing strategic alternatives for its remaining European businesses, which may lead to further asset sales or partnerships.
The news indicates that Clear Channel Outdoor is actively reviewing its European businesses, which may result in further asset sales or partnerships. This could have a neutral impact on the stock price in the short term, as the market may have already priced in the potential for such actions following the sale of assets in France, Italy, and the Netherlands. However, the outcome of the review and any subsequent actions could have a more significant impact on the stock price in the future.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100