Out of home investor Arte Moreno has purchased 14 million more shares of Clear Channel Outdoor stock according to a schedule 13D’s filed with the SEC. As of yesterday the group owned 10.6% of Clear Channel Outdoor’s common stock with a total investment value of $76 million based on yesterdays price of $1.49. The investment group, which includes Moreno, William Pope and Verde Capital. Here’s the group’s ownership position.
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Clean house Arte!