Kahn Swick & Foti Investigates Proposed Sale of Clear Channel Outdoor

Law firm questions whether $2.43 per share offer adequately values the company

Published on Feb. 12, 2026

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The law firm of Kahn Swick & Foti, LLC is investigating the proposed $2.43 per share sale of Clear Channel Outdoor Holdings, Inc. to Mubadala Capital and TWG Global. The firm is seeking to determine whether the consideration and process are adequate, or if the company is being undervalued.

Why it matters

Clear Channel Outdoor is one of the largest outdoor advertising companies in the world, with a presence in over 20 countries. The proposed sale would take the company private, raising questions about the fairness of the price being offered to shareholders.

The details

Under the terms of the proposed transaction, shareholders of Clear Channel Outdoor would receive $2.43 in cash for each share they own. Kahn Swick & Foti is investigating whether this price adequately values the company, or if shareholders are being shortchanged in the sale process.

  • The proposed sale was announced on February 12, 2026.

The players

Kahn Swick & Foti, LLC

A law firm investigating the proposed sale of Clear Channel Outdoor Holdings, Inc.

Charles C. Foti, Jr.

Former Attorney General of Louisiana and partner at Kahn Swick & Foti.

Clear Channel Outdoor Holdings, Inc.

One of the largest outdoor advertising companies in the world, with a presence in over 20 countries.

Mubadala Capital

A private equity firm partnering with TWG Global to acquire Clear Channel Outdoor.

TWG Global

A private equity firm partnering with Mubadala Capital to acquire Clear Channel Outdoor.

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What they’re saying

“We are seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.”

— Lewis S. Kahn, Managing Partner, Kahn Swick & Foti

What’s next

Kahn Swick & Foti will continue to investigate the proposed sale to determine if the $2.43 per share offer adequately values Clear Channel Outdoor Holdings.

The takeaway

The proposed sale of Clear Channel Outdoor Holdings raises questions about whether shareholders are being offered a fair price, with the law firm Kahn Swick & Foti investigating the matter to ensure the company is not being undervalued in the transaction.