Shareholder Alert: Ademi & O'Reilly, LLP Investigates whether Cincinnati Bell Inc. has obtained a Fair Price in its sale to Brookfield Infrastructure
MILWAUKEE, Dec. 23, 2019 /PRNewswire/ -- Ademi & O'Reilly, LLP is investigating Cincinnati Bell Inc. (NYSE: CBB) for possible breaches of fiduciary duty and other violations of the law in connection with the sale of Cincinnati Bell to Brookfield.
Click here to learn how to join the action: http://ademilaw.com/case/cincinnati-bell-inc or call Guri Ademi toll-free at 866-264-3995. There is no cost or obligation to you.
Ademi & O'Reilly, LLP alleges Cincinnati Bell's financial outlook is improving and yet shareholders will receive only $10.50 in cash per share of Cincinnati Bell. The merger agreement unreasonably limits competing bids for Cincinnati Bell by prohibiting solicitation of further bids, and imposing a termination penalty if Cincinnati Bell accepts a superior bid. Cincinnati Bell insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Cincinnati Bell's board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Cincinnati Bell.
If you own common stock in Cincinnati Bell and wish to obtain additional information, please contact Guri Ademi either at [email protected] or toll-free: 866-264-3995, or http://ademilaw.com/case/cincinnati-bell-inc.
We specialize in shareholder litigation involving buyouts, mergers, and individual shareholder rights throughout the country. For more information, please feel free to call us. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts
Ademi & O'Reilly, LLP
Guri Ademi
Toll Free: (866) 264-3995
Fax: (414) 482-8001
SOURCE Ademi & O'Reilly, LLP
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