Home › Cincinnati Bell gets higher bid from infrastructure fund, at USD 12 per share
 

Keywords :   


Cincinnati Bell gets higher bid from infrastructure fund, at USD 12 per share

2020-01-27 08:57:00| Telecompaper Headlines

(Telecompaper) Cincinnati Bell said it has received a unsolicited bid from an infrastructure fund. The bid, at USD 12 per share, tops the offer Cincinnati Bell earlier accepted a bid from Brookfield Infrastructure, at USD 10.50 per share, or USD 2.6 billion in total. Although the board of Cincinnati Bell supports the transaction with Brookfield, the agreement allows Cincinnati Bell to talk with other companies, and the company confirmed it is doing so with the infrastructure fund.� [ more ]

Tags: per share higher usd

Category:Telecommunications

Latest from this category

All news
»
21.03PPG Participates in Global Recycling Day Event to support recycling efforts of Pittsburgh school
21.03Corn Belt to continue to experience chilly conditions
21.03'Chubby filter' pulled from TikTok after user backlash
21.03Uber offers 20 hours of free childcare in bid to lure female drivers
21.03Chilly conditions to linger across Corn Belt
21.03EDANA Statement on Potential EU Countermeasures to U.S. Tariffs
21.03Heathrow substation fire: What went wrong?
21.03Ileitis treatment options and resulting correlation on average daily gain
More »