(CBB) Alert: Johnson Fistel Investigates Proposed Sale of Cincinnati Bell Inc.; Are Shareholders Getting a Fair Price?

SAN DIEGO, Dec. 23, 2019 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of Cincinnati Bell Inc. (NYSE: CBB) ("Cincinnati Bell") breached their fiduciary duties in connection with the proposed sale of the Company to Brookfield Infrastructure ("Brookfield").

On December 23, 2019, Cincinnati Bell announced that it had signed a definitive merger agreement with Brookfield. Under the terms of the merger agreement, Brookfield will acquire all outstanding shares of Cincinnati Bell common stock for $10.50 per share in cash.

The investigation concerns whether the Cincinnati Bell board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for Cincinnati Bell shares of common stock. Nationally recognized Johnson Fistel is investigating whether the proposed deal represents adequate consideration. The 52-week high for Cincinnati Bell was $11.00. 

If you are a shareholder of Cincinnati Bell and believe the proposed buyout price is too low or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker ([email protected]) at 619-814-4471. If emailing, please include a phone number.

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About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit https://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.

Contact:
Johnson Fistel, LLP
Jim Baker, 619-814-4471
[email protected]

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SOURCE Johnson Fistel, LLP

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