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Cincinnati Bell Gets Higher Brookfield Takeover Agreement

Cincinnati Bell agreed to a richer takeover deal with Brookfield Infrastructure and its partners, to increase the cash per-share price to $13.50 from $12.50, in a deal (see 1912230014) valued now at $2.8 billion, the telco announced Wednesday. The higher…

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price matches the unsolicited one from Macquarie Infrastructure and Real Assets. Brookfield boosted the per-share price from $10.50 last month.