On March 26, 2026, Clear Channel Outdoor Holdings, Inc. (CCO) reported the expiration of the 45-day 'go-shop' period under the previously announced Agreement and Plan of Merger with Madison Parent Inc. and Madison Merger Sub Inc. The merger agreement, dated February 9, 2026, allows for the merger of Merger Sub with and into Clear Channel, with Clear Channel continuing as the surviving entity and a wholly owned subsidiary of Parent. During the go-shop period, the company's financial advisors reached out to 46 potential acquirers, with 7 parties signing non-disclosure agreements. However, no alternative acquisition proposals were received. Following the expiration of the go-shop period, Clear Channel is now subject to customary 'no-shop' restrictions, limiting its ability to solicit alternative proposals. The company will seek stockholder approval for the merger in a special meeting to be announced soon. This filing serves as a formal update regarding the merger process and the company's strategic direction moving forward.

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