CEMUSA / @JCDecauxNA Deal Likely Close
Back in November 2014 we (last) wrote that the JCDecaux acquisition of CEMUSA (announced March 2014) still hadn’t closed and that we had heard from several people close to the deal that the new #LinkNYC arrangement / CityBridge contract was not helping matters either.
Word then, was that JCDecaux allegedly went back to NYC seeking to change some of the underlying covenants of the original CEMUSA deal but that the City stood firm on the original contractual obligations.
Anyway, it appears that all has been sorted (wow, yes it has taken a long time – over a year in fact since the original announcement) but we now hear that the JCDecaux / CEMUSA deal is likely to close this week.
As usual you heard it here first.
Categories: Scuttlebut
