On January 31, 2024, Clear Channel Outdoor signed a Cooperation Agreement with activist investor and 5.1% shareholder Legion Partners in which it agreed to give a board seat to Legion’s Ted White . Here are the other terms of the agreement White is added to the company’s board immediately with […]
SAN ANTONIO, Feb. 1, 2024 /PRNewswire/ — Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) (the “Company”) today announced the appointment of Ted White to its Board of Directors (the “Board”) as part of the Company’s Cooperation Agreement with Legion Partners Asset Management, LLC (together with its affiliates, “Legion”). Mr. White will immediately join the Board […]
Billboard Insider answers your questions about Legion Partners, the 5% shareholder calling for a sale of Clear Channel Outdoor. Who is Legion Partners? Legion Partners is a California investment fund with $334 million in assets under management. The firm limits itself to 3-4 investments a year and 9-10 portfolio companies […]
Legion Partners, a 5.1% shareholder in Clear Channel Outdoor, has written a May 16, 2023 letter to the Clear Channel Outdoor board calling for a greater urgency in asset sales. Some of the highlights of the letter. Clear Channel Outdoor stock has underperformed. The letter points out that Clear Channel […]
