Business briefs: Clear Channel accepts offer

The board of the nation’s largest radio station operator on Friday accepted an offer from private equity buyers with a slightly higher price and a rare opportunity for shareholders to continue owning a stake in the company even after it goes private. The board and the buyer’s group have faced stiff resistance from several large shareholders who didn’t think earlier offers were enough.

Cerberus

Last week’s announcement that Daimler would sell most of Chrysler to the private equity firm likely means the United Auto Workers union will face even deeper demands for givebacks as the automakers try to pare costs to compete with Honda and Toyota. Cerberus Capital Management LP is seen wielding a big bat when it comes to the bargaining.

businessBusiness & Real Estate

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

San Francisco Park Ranger have seen their budget and staffing levels increase significantly since 2014. (Kevin N. Hume/S.F. Examiner)
Citations for being in SF’s public parks after midnight soar

Data shows disproportionate impact on Black residents

Parents and students line up socially distanced before the first day of in-person learning at Bret Harte Elementary School on Monday, April 12, 2021. (Kevin N. Hume/S.F. Examiner)
‘It’s a beautiful sight’: The first students return to the classroom

San Francisco’s youngest public school students stepped into classrooms for in-person learning… Continue reading

File
Latest Breed nominee for Police Commission moves forward

Immigration attorney Jim Byrne clears Board of Supervisors committee

A rally at Golden Gate Park on Sunday April 11 drew a large crowd in support of calls to keep JFK Drive closed to traffic. (Emily Huston/Special to the S.F. Examiner)
Hundreds rally for “JFK Thrive,” not JFK Drive

By Emily Huston More than two hundred gathered on a warm Sunday… Continue reading

San Francisco Giants pitcher Anthony DeSclafani (26) starts against the Colorado Rockies at Oracle Park on April 11, 2021 in San Francisco, California. (Photography by Chris Victorio | Special to the S.F. Examiner).
Giants finish sweep of Rockies behind DeSclafani’s scoreless outing

Even with fans back at Oracle Park, San Francisco Giants pitchers have… Continue reading

Most Read