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

Mayor London Breed, pictured here at a May news conference, will be fined for unethical behavior by The City’s Ethics Commission. (Kevin N. Hume/S.F. Examiner)
Commission fines Mayor Breed over $22,000 for ethics violations

The San Francisco Ethics Commission will fine Mayor London Breed a reported… Continue reading

Salesforce Tower in San Francisco, which features a comprehensive water-recycling system, on July 30, 2021. Water recycling in office buildings is seen as a promising sustainability effort, as well as a smart hedge against rising costs and future shortages. (Jim Wilson/The New York Times)
Salesforce Tower is part of a nationwide water recycling trend: Here’s how it works

By Patrick Sisson New York Times When Salesforce Tower in San Francisco… Continue reading

Riders enjoyed a trip on a Powell Street cable car when service returned on Monday. <ins>(Kevin N. Hume/The Examiner)</ins>
<ins></ins>
San Francisco’s cable cars return after 16-month absence

San Francisco’s cable cars are back, and they’re free for passengers to… Continue reading

Most Read