- Sudden moves up from Clear Channel Outdoor Holdings (CCO +2.8%) and Outfront Media (OUT +1.1%) are being credited to M&A comments from the CEO of rival JCDecaux (OTC:JCDXY).
- Speaking at Morgan Stanley's Tech and Media conference in Barcelona, Jean-Charles Decaux says he's open to acquiring one of the American companies and that such a deal would be "transformational."
- Neither company is currently on the block.
- Source: Bloomberg
Clear Channel, Outfront rise as JCDecaux floats buyout idea
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| Symbol | Last Price | % Chg |
|---|---|---|
| JCDXY | - | - |
| JCDecaux SE | ||