Cases
Cincinnati Bell, Inc.
Merger
Overview
Overview
- Date:
- 12/30/2019
- Case Caption:
- Rast v. Cincinnati Bell Inc., et al.
- Stock Symbol:
- CBB
- Company Name - Buyer:
- Brookfield Infrastructure Partners
- Status:
- Filed
- Merger Announcement Date:
- 12/23/2019
- Filing Date:
- 4/21/2020
- Court:
- U.S. District Court: Southern District of New York
On December 23, 2019 Cincinnati Bell announced that it had signed an agreement to be acquired by Brookfield Infrastructure for $10.50 per share in cash, or a total of approximately $2.6 billion. On February 28, 2020 Cincinnati Bell announced that it had signed an amended agreement to be acquired by Brookfield Infrastructure for $12.50 per share in cash, or a total of approximately $2.745 billion. The deal is scheduled to close by the end of 2020.
Bragar Eagel & Squire is concerned that Cincinnati Bell’s board of directors oversaw an unfair process and ultimately agreed to an inadequate deal price. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Cincinnati Bell stockholders.
Bragar Eagel & Squire is concerned that Cincinnati Bell’s board of directors oversaw an unfair process and ultimately agreed to an inadequate deal price. Accordingly, the firm is investigating all relevant aspects of the deal and is committed to securing the best result possible for Cincinnati Bell stockholders.
Case Updates
Case Files
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Rast v. Cincinnati Bell Inc., et al.