Status:  Terminated

Acquirer:  Brookfield Asset Management (Canada)

Acquired:  Cincinnati Bell Inc. (US)

Value:  US$2.6 billion

Industry:  Telecommunications; Infrastructure

UPDATE:  On March 13, 2020, [Cincinnati Bell Inc.] terminated the Brookfield Merger Agreement and entered into an Agreement and Plan of Merger (the “MIP Merger Agreement”) pursuant to which the Company will be acquired by an affiliate of Macquarie Infrastructure Partners V (‘MIP’), a fund managed by Macquarie Infrastructure and Real Assets (the ‘MIP Merger’).”   (Cincinnati Bell Inc. Form 10-Q, Apr. 23, 2021, SEC Filing.)

Posted on February 5, 2020

Status: Upcoming/New Filing

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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