Brookefield Infrastructure to buy telecom services provider Cincinnati Bell

Industry:    2019-12-24

Brookefield Infrastructure Partners LP will buy telecommunications company Cincinnati Bell Inc for about $529.42 million, the companies said on Monday.

Under the deal, Cincinnati Bell shareholders will receive $10.50 per share, representing a premium of 36% to the company’s Friday closing price.

Including debt, the deal is valued at $2.6 billion.

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