Stock Market Today, Feb. 10: Clear Channel Outdoor Surges on $6.2 Billion Buyout Deal

Group 1 - Clear Channel Outdoor (CCO) is set to be acquired for $6.2 billion in an all-cash deal by Mubadala Capital and TWG Global, with a cash price of $2.43 per share [2][4] - The acquisition announcement led to a significant increase in CCO's stock price, rising 8.22% to close at $2.37, with trading volume reaching 63.9 million shares, which is approximately 1,819% above its three-month average [2][4] - CCO has experienced a decline of 88% since its IPO in 2005, indicating a challenging market position prior to the acquisition [2] Group 2 - The acquisition includes a 45-day "go-shop" period during which CCO can consider other potential acquisition offers [5] - Investors will still have options for outdoor advertising investments after the acquisition, including Boston Omaha, Lamar Advertising, and OUTFRONT Media [5] - The broader advertising industry is seeing movements, with Omnicom Group's stock increasing by 3.24% as investors evaluate consolidation and scale advantages [3]