Cincinnati Bell Inc. (CBB) agreed to be acquired by Brookfield Infrastructure (BIP, BIP_U.TO) and institutional partner in a transaction valued at about $2.6 billion, including debt.
As per the agreement, each Cincinnati Bell common stock will be converted into the right to receive $10.50 in cash at closing of the Transaction.
The Transaction price of $10.50 per share of Cincinnati Bell common stock represents a 36% premium to the closing per share price of $7.72 on December 20, 2019 and an 84% premium to the 60-day volume weighted average price.
The Transaction is expected to close by the end of 2020.
For comments and feedback contact: editorial@rttnews.com
Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.