Clear Channel Stock Surges: Mexico Deal Drives 3.21% Gain!
Friday, Jun 6, 2025 12:42 pm ET1min read
CCO--
Clear Channel Outdoor Holdings, Inc. rose 3.21% intraday. The company's stock price increased due to the news that Mexico's Ebrard had a 'cordial' meeting with US trade, securing existing contract manufacturing business, bringing incremental volume, margin, synergies, and growth opportunities. This transaction is estimated to deliver USD 11 million annual run rate Adjusted EBITDA from 2027, inclusive of current contract margin, incremental contribution margin, and net cost synergies, with potential for further growth.
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