The merger has closed and the stock will be delisted. No further trading in CCO common stock is expected. Monitor for any post-merger litigation or appraisal actions, but the activist campaign has concluded.
Price Chart
Executive Summary
Ares Management LLC filed this Amendment No. 11 to Schedule 13D to report that its beneficial ownership of Clear Channel Outdoor Holdings, Inc. common stock has been reduced to zero following the consummation of the previously disclosed merger on October 14, 2026. At the effective time of the merger, each outstanding share of common stock was converted into the right to receive $2.43 per share in cash, and the issuer has requested delisting from the NYSE and intends to deregister the common stock. This filing is a post-closing administrative update confirming the activist's exit and the company's transition to private ownership.
Key Financial Metrics
Key Facts
- Ares Management LLC and related reporting persons no longer beneficially own any shares of Clear Channel Outdoor Holdings, Inc. common stock as of the effective time of the merger on October 14, 2026.
- The merger was consummated on October 14, 2026, with each share of common stock converted into the right to receive $2.43 per share in cash.
- The issuer has requested suspension of trading and removal of listing from the NYSE, and intends to file a Form 15 to terminate registration and suspend reporting obligations.
- This is Amendment No. 11 to the Schedule 13D originally filed on May 22, 2020.
Financial Impact
Merger consideration of $2.43 per share in cash; Ares Management's stake reduced to zero.
Risk Factors
- Potential appraisal or litigation by former shareholders challenging the $2.43 per share merger consideration.
- Delisting and deregistration may limit liquidity and information flow for remaining shareholders.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D/A Filing (Primary) | 0001104659-26-116663 |
| Document: 0001104659-26-116663-index.html | 0001104659-26-116663 |
| Document: 0001104659-26-116663.txt | 0001104659-26-116663 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 15-12G | — | awaiting T+60 | — | — |
Oct 16, 2026 9d ago | SC 13D/A | $2.43 | awaiting T+60 | — | — |
Oct 16, 2026 10d ago | SC 13D/A | $2.43 | awaiting T+60 | — | — |
Oct 16, 2026 10d ago | 8-K/A | $2.43 | awaiting T+60 | — | — |
Oct 15, 2026 11d ago | 25-NSE | $2.43 | awaiting T+60 | — | — |
Oct 14, 2026 12d ago | 8-K | $2.43 | awaiting T+60 | — | — |
Aug 9, 2026 11w ago | Institutional Cluster | $2.41 | awaiting T+60 | — | — |
Aug 5, 2026 11w ago | Press Release | $2.42 | awaiting T+60 | — | — |
May 18, 2026 23w ago | 8-K | $2.39 $2.32 | ▼ −2.93% | ▼ −9.22% | — |
Apr 13, 2026 28w ago | DEFA14A | $2.38 $2.41 | ▲ +1.26% | ▼ −7.66% | — |
US Market Status
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