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Cincinnati Bell gets new bid, at higher USD 13.50 per share

2020-03-03 10:50:00| Telecompaper Headlines

(Telecompaper) A bidding war is taking place around Cincinnati Bell, which said it has received a fresh unsolicited bid, at USD 13.50 per share in cash. The bid comes from Macquarie Infrastructure and Real Assets (MIRA), which Cincinnati Bell now reveals was the party that offered USD 12 per share for the company in January. Cincinnati Bell had already accepted a bid from Brookfield Infrastructure, at USD 10.50 per share or USD 2.6 billion in total.

Tags: per share higher usd

Category:Telecommunications

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