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Brookfield raises offer again for Cincinnati Bell, to match lastest USD 14.50 bid by competitor

Thursday 5 March 2020 | 15:44 CET | News
Cincinnati Bell said Brookfield Infrastructure has increased its bid for the company to USD 14.50 per share, after Macquarie Infrastructure (MIRA) upped its unsolicited offer on 4 March to that amount. The two funds have been playing "match the bid" since December, when Cincinnati Bell accepted Brookfield's offer at USD 10.50 per share, and recommended the deal to its shareholders. The company said it has not stopped recommending Brookfield acquisition deal, but that it had to consider the higher bids put in by MIRA.

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Categories: Fixed
Companies: Cincinnati Bell
Countries: United States
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