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Tuesday, November 11, 2014

Deals of the day- Mergers and acquisitions, (NYSE: CCO)

The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Tuesday: ** Germany's third-biggest utility, EnBW, is in talks to sell nearly half of one of its offshore wind parks, banking on investor appetite for regulated energy assets as a prolonged industry crisis continues to hit its profits.The company is planning to sell 2.7 billion euros ($3.35 billion) in assets, including its 22.5 percent stake in local peer MVV Energie AG as well as its 32.5 percent stake in Austria's EVN AG.** The debt-laden parent of outdoor advertising company Clear Channel Outdoor Holdings is exploring options for its European outdoor advertising business after receiving offers from private equity firms, according to four people familiar with the matter.

Clear Channel Outdoor Holdings, Inc. provides clients with advertising opportunities through billboards, street furniture displays, transit displays and other out-of-home advertising displays, such as wallscapes, spectaculars, neons and mall displays, which it owns or operates in global markets. Shares of CCO fell by 0.14% or $-0.01/share to $7.18. In the past year, the shares have traded as low as $6.22 and as high as $10.69. On average, 130040 shares of CCO exchange hands on a given day and today's volume is recorded at 67362.