- within Government, Public Sector, Finance and Banking and Immigration topic(s)
- in United States
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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