With the merger closed and PIMCO exiting its 5%+ position, the activist overhang is removed. Monitor for any post-merger trading or residual filings, but the primary catalyst has resolved.
Price Chart
Executive Summary
Pacific Investment Management Co LLC (PIMCO) filed Amendment No. 6 to its Schedule 13D, reporting that on October 14, 2026, the merger of Clear Channel Outdoor Holdings was consummated. Each outstanding share of common stock was converted into the right to receive $2.43 in cash, and PIMCO ceased to be a beneficial owner of more than 5% of the outstanding common stock. This filing signals the conclusion of PIMCO's activist involvement following the merger.
Key Financial Metrics
Key Facts
- Merger consummated on October 14, 2026.
- Each share of common stock converted into right to receive $2.43 cash.
- PIMCO ceased to be beneficial owner of more than 5% of outstanding common stock.
- No transactions in common stock during the 60 days prior to filing other than the merger conversion.
Financial Impact
All outstanding common shares converted to $2.43 cash per share; PIMCO's stake fully liquidated.
Risk Factors
- No further activist pressure or stake disclosure from PIMCO.
- Stock will be delisted following merger completion.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D/A Filing (Primary) | 0001193125-26-424443 |
| Document: 0001193125-26-424443-index.html | 0001193125-26-424443 |
| Document: 0001193125-26-424443.txt | 0001193125-26-424443 |
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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