As of 2/13/2008, CCU has inked a deal to sell 60 radio stations. This is the first tangible, non reversible action taken after clearing all regulatory obstacles towards completing the Bain Capital Partners and Thomas H. Lee Partners acquisition. Financing fears (which are non existent as UBS is the 2nd largest shareholder etc.) leaves a 30+% arbitrage opportunity to be realized before July 2008. The buyers have recently reiterated that the deal will close before April 2008!