Here’s who get’s a big payday when the Clear Channel Outdoor Transaction closes.  The calculations are sponsored and analyzed by Signvalue.

Stockholders who bought in during the past five years.

The stockholders get $2.43 per share.  Here’s what the total stock gain depending on when you bought the stock.  This is total gain, not compounded annual return.  Anyone who bought shares in the past five years benefits from the sale.

One month ago     18% up

Three months ago. 24% up

6 months ago.    138% up

One Year Ago.    82% up

Two Year’s Ago.    40% up

Five Years Ago.    14% up

10 Years Ago.    32% down

Clear Channel Outdoor Executives

A form 14A filing relating to the transaction says members of the Clear Channel Outdoor executive team get retention bonuses if they stay around until the acquisition closes.

In addition, Clear Channel Executives and employees will receive $116 million in compensation from 27 million restricted stock units (RSU’s) and 21 million performance stock units (PSU’s) which vest and are paid at closing at $2.43/share.  Here’s our calculation of how much of the $116 million goes to Clear Channel Outdoor executive officers.

Creditors

Some Clear Channel Outdoor debt had been trading at a big discount due to concerns over the company’s high leverage.  The debt is now close to par because it will be paid off in full at closing.

If you have questions, contact one of SignValue’s experienced analysts for a free and confidential consultation at info@signvalue.com or call 480-657-8400.

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