Reuters logo
IHeartMedia wins court ruling over stock transfer
May 24, 2016 / 3:46 PM / 2 years ago

IHeartMedia wins court ruling over stock transfer

WILMINGTON, Del, May 24 (Reuters) - Radio station owner iHeartMedia Inc was permitted under its financing agreements to contribute shares of Clear Channel Holdings Inc to an affiliate, a Texas court has ruled, according to a statement from iHeartMedia.

The San Antonio, Texas-based company filed the lawsuit asking a Texas state court to declare the that transfer of stock of Clear Channel Outdoor Holdings Inc was not a default or violation of credit agreements. (Reporting by Jessica DiNapoli; writing by Tom Hals in Wilmington, Delaware)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below