|Bid||0.0000 x 3200|
|Ask||0.0000 x 3000|
|Day's range||1.5100 - 1.7100|
|52-week range||0.9500 - 2.1400|
|Beta (5Y monthly)||2.56|
|PE ratio (TTM)||N/A|
|Earnings date||06 Nov 2023 - 10 Nov 2023|
|Forward dividend & yield||N/A (N/A)|
|1y target est||1.78|
(Bloomberg) -- Clear Channel Outdoor Holdings Inc. will pay $26 million to settle Securities and Exchange Commission allegations that the advertising company bribed Chinese government officials to help get display ads on bus shelters and other outdoor spots. Most Read from BloombergPakistan Rupee Set to Become Top Performing Currency Globally Biden Impeachment Hearing Heavy on Politics, Light on SubstanceUAW Aims For At Least 30% Wage Bump to Woo New Members‘Fortnite’ Maker Epic Games Is Cutting
WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission said on Thursday that advertising company Clear Channel Outdoor Holdings agreed to pay more than $26 million to resolve charges it bribed Chinese government officials to obtain outdoor ad contracts in violation of U.S. law. The SEC complaint alleged the company violated the U.S. Foreign Corrupt Practices Act through the actions of its agent, Clear Media Limited, which at the time was a Clear Channel majority-owned subsidiary in China. The SEC said from at least 2012 through 2017, Clear Media bribed Chinese government officials to obtain contracts required to sell advertising services to public and private sector clients for display on public bus shelters and other outdoor displays.
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