Cincinnati Bell Inc. (CBB) reported that its fourth-quarter net loss applicable to common shareowners narrowed to $8.2 million or $0.16 per share from $23.2 million or $0.46 per share in the previous year.
Adjusted loss per common share was $0.14 compared to $0.22 in the previous year.
Revenue for the fourth-quarter grew to $410.3 million from $390.4 million in the prior year.
On March 13, 2020, Cincinnati Bell Inc., together with MIP, announced an agreement through which an MIP-controlled subsidiary will acquire all outstanding shares of Cincinnati Bell for $15.50 per share in a cash transaction valued at approximately $2.9 billion, including debt.
The Transaction is expected to close in the first half of 2021.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.