CLEAR CHANNEL OUTDOOR HOLDINGS, INC. (NYSE:CCO) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
On November 29, 2019, Clear Media Limited (Clear Media), an indirect, wholly-owned subsidiary of Clear Channel Outdoor Holdings, Inc. (the Company), was required, due to trading activity, to make an announcement to Rule 3.7 of the Hong Kong Code on Takeovers and Mergers, which announcement was published on the website of The Stock Exchange of Hong Kong Limited, stating, among other things, that the Company is conducting a preliminary strategic review of its approximately 50.91% stake in Clear Media. A copy of the announcement is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
As of the date of this Current Report on Form 8-K, no decision has been made by the Company with respect to its interest in Clear Media, and no definitive agreement has been entered into with any party to implement any transaction. There can be no assurance that a definitive agreement will be executed relating to a transaction involving Clear Media or that any such transaction will be approved or any other transaction will be approved or consummated. The Company does not undertake any obligation to provide any updates with respect to the strategic review, except as required under applicable law.
In accordance with General Instruction B.2 of Form 8-K, the information under this Item 7.01, including Exhibit 99.1, shall not be deemed filed for the purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section, nor shall such information, including Exhibit 99.1, be deemed incorporated by reference in any filing under the Securities Act or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.
Item 9.01 Financial Statements and Exhibits.
| 99.1 | Announcement to Rule 3.7 of the Hong Kong Code on Takeovers and Mergers by Clear Media Limited, dated November 29, 2019 |