Cincinnati Bell Mulls Competing Bid To $2.6B Brookfield Sale

Law360 (January 24, 2020, 1:02 PM EST) -- Cincinnati Bell said Friday it has received a competing takeover offer prior to its planned $2.6 billion sale to Brookfield Infrastructure Partners.

The proposal, received by Cincinnati Bell Inc.’s board Wednesday, offers $12 per share in cash for the telecommunications company’s outstanding common stock, the announcement said. The suitor was described as an “infrastructure fund,” but its name was not disclosed.

The existing agreement with Brookfield Infrastructure Partners LP would swap Cincinnati Bell shares for $10.50 apiece, and includes the assumption of debt, according to a statement at the time. Brookfield and Cincinnati Bell announced the deal Dec. 23.

The Brookfield...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!