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

Author:Trade Practitioner
Profession:Squire Patton Boggs LLP
 
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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...

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