logo
Plus   Neg
Share
Email

Macquarie Infrastructure Unit To Acquire Cincinnati Bell - Quick Facts

Cincinnati Bell Inc. (CBB) has reached an agreement with Macquarie Infrastructure Partners, or MIP, under which a MIP-controlled subsidiary will acquire all outstanding shares of Cincinnati Bell for $15.50 per share in a deal valued at approximately $2.9 billion, including debt. Each issued and outstanding share of Cincinnati Bell common stock will be converted into the right to receive $15.50 in cash.

The transaction is expected to close in the first half of 2021, and is subject to certain customary closing conditions, including the approval by Cincinnati Bell's shareholders.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
KIND Healthy Snacks is recalling a limited number of Oats & Honey Granola pouches citing the presence of undeclared sesame seeds, the U.S. Food and Drug Administration announced. The recall involves KIND Oats & Honey Granola with Toasted Coconut. Sesame seeds, a known allergen, is not listed as an ingredient in the product, instead, the label lists "sesame seeds" under the "May Contain Coffee retail giant Starbucks is bringing back its buy-one-get-one free or BOGO deals on Thursday. During Happy Hour, from 2 to 7 p.m., the customers will get one free drink with all handcrafted beverages, sizes grande or larger. The offer excludes a pre-bottled drink or drip coffee. The deal reportedly is available at participating locations in the U.S. and Canada. Apple Inc. has now expanded its out-of-warranty iPhone repair services to hundreds of new locations across the U.S. under its Independent Repair Provider program launched in August 2019, when it started with only 20 independent repair shops. Apple said it has added 700 new service locations in the U.S. through 140 independent repair companies.
RELATED NEWS
Follow RTT