Cincinnati Bell Inc. and Brookfield Infrastructure Sign Amended Merger Agreement

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Go back to Cincinnati Bell Inc. and Brookfield Infrastructure Sign Amended Merger Agreement

Cincinnati Bell (CBB) Receives $13.50/Share Unsolicited Binding Acquisition Proposal

March 2, 2020 3:22 PM EST

Cincinnati Bell Inc. (NYSE: CBB) today announced that on March 2, 2020 it received a binding proposal from Macquarie Infrastructure and Real Assets Inc. ("MIRA") to acquire all of the outstanding shares of common stock of Cincinnati Bell for $13.50 per share in cash (the "Proposal").

As previously announced on December 23, 2019, Cincinnati Bell entered into a definitive agreement through which Brookfield Infrastructure and its institutional partners (collectively referred to... More