ARTICLE
13 February 2020

Upcoming/New CFIUS Filing: Brookfield Asset Management And Cincinnati Bell

SP
Squire Patton Boggs LLP

Contributor

Squire Patton Boggs LLP
On December 21, 2019, Cincinnati Bell Inc., a publicly traded (NYSE: CBB) US provider of "communications solutions to residential and...
Worldwide Government, Public Sector

Status: Upcoming/New Filing

Acquirer: Brookfield Asset Management (Canada)

Acquired: Cincinnati Bell Inc. (US)

Value: US$2.6 billion

Industry: Telecommunications; Infrastructure

On December 21, 2019, Cincinnati Bell Inc., a publicly traded (NYSE: CBB) US provider of "communications solutions to residential and business customers over its fiber-optic and copper networks," entered into a merger agreement with entities formed for the "purpose of entering into the merger agreement" and "capitalize[d]" by funds controlled by the Brookfield Infrastructure Group, which is the "infrastructure investment division" of "Brookfield Asset Management, a leading global alternative asset manager ..." (Cincinnati Bell Inc. Schedule 14A, Feb. 4, 2020, SEC Filing.) CFIUS approval is a condition for closing the transaction. (See Agreement and Plan of Merger, Section 7.01(c), Cincinnati Bell Inc. Form 8-K, Ex-2.1, Dec. 23, 2019, SEC Filing.)

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