The $20 billion leveraged buyout of U.S. radio operator Clear Channel Communications could fall apart, with banks increasingly reluctant to provide financing, a source familiar with the situation told Reuters.
Clear Channel shares fell 19.4 percent after the closing bell on Tuesday and were trading down 22.7 percent in Frankfurt.
Main focus on Wednesday will be on durable goods data for February at 1230 GMT and new home sales at 1400 GMT, along with earnings updates from technology major Oracle and payroll service company Paycheck.
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