CalPERS quiet over buyout

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US - The California Public Employees' Retirement System (CalPERS) was staying tight-lipped over the new Clear Channel buyout bid led by private equity firms after rejecting an initial bid.

CalPERS had voted against a previous bid of $37.60 a share but the group countered by raising the price to $39 a share. CalPERS information officer, Clark McKinley, told Global Pensions: “We hav...

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