Clear Channel Outdoor Holdings, Inc. (NYSE:CCO) stock is up during Tuesday’s premarket session following news of a definitive agreement for acquisition by Mubadala Capital in partnership with TWG Global, for $6.2 billion.
The stock’s rise comes as the company is set to be acquired at a significant premium, reflecting positive sentiment among investors.
Deal Terms
Clear Channel will be acquired for $2.43 per share, representing a 71% premium to its unaffected share price of $1.42 on October 16, 2025.
The deal is expected to close by the end of the third quarter of 2026, subject to customary closing conditions.
Following the closure, Clear Channel’s common stock will no longer be listed for trading on any public market.
Notably, Clear Channel has a 45-day “go-shop” period, ending at 11:59 PM ET on March 26, 2026, to solicit and evaluate alternative acquisition offers.
Acquisition Benefits
The acquisition by Mubadala Capital is significant as it positions Clear Channel for long-term growth and operational improvements, enhancing its market presence in the advertising industry.
Notably, Mubadala Capital is committing approximately $3 billion in equity capital to support Clear Channel’s financial flexibility and growth initiatives.
Meanwhile, the broader market experienced slight gains on the previous trading day, with the Nasdaq rising 0.09% and the S&P 500 up 0.09%. Clear Channel’s stock performance aligns with this positive momentum, suggesting that the acquisition news is resonating well with investors despite the overall market conditions.
Technical Analysis
Clear Channel’s stock is currently trading 10.9% above its 20-day simple moving average (SMA) and 24.2% above its 100-day SMA, indicating a strong upward trend. Over the past 12 months, shares have increased 59.85% and are positioned closer to their 52-week highs than lows.
The RSI is at 55.58, which is considered neutral territory, while the MACD is above its signal line, indicating bullish momentum. This combination suggests that the stock is experiencing a favorable technical setup, with potential for further gains.
- Key Resistance: $2.50
- Key Support: $2.00
Earnings & Analyst Outlook
Clear Channel Outdoor Holdings, Inc. is slated to provide its next financial update on February 26, 2026.
- EPS Estimate: 1 cent (Up from Loss of 4 cents YoY)
- Revenue Estimate: $448.74 million (Up from $426.72 million YoY)
Analyst Consensus & Recent Actions: The stock carries a Hold Rating with an average price target of $2.11. Recent analyst moves include:
- Wells Fargo: Equal-Weight (Raises Target to $2.00) (Nov. 12, 2025)
- Citigroup: Neutral (Raises Target to $2.10) (Oct. 29, 2025)
- TD Cowen: Buy (Raises Target to $2.8000) (Oct. 20, 2025)
CCO Price Action: Clear Channel Outdoor shares were up 8.22% at $2.37 during premarket trading on Tuesday. The stock is trading at a new 52-week high, according to Benzinga Pro data.
Photo via Shutterstock
Recent Comments