SHAREHOLDER ALERT: WeissLaw LLP Investigates Cincinnati Bell, Inc.
NEW YORK, Dec. 27, 2019 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Cincinnati Bell, Inc. ("CBB" or the "Company") (NYSE: CBB) in connection with the proposed acquisition of the Company by Brookfield Infrastructure Partners L.P. ("BIP") (NYSE:BIP). Under the terms of the acquisition agreement, CBB shareholders will receive $10.50 for each share they own.
If you own CBB shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:
Or please contact:
Joshua Rubin, Esq.
1500 Broadway, 16th Floor
New York, NY 10036
WeissLaw is investigating whether CBB's Board acted to maximize shareholder value prior to entering into the acquisition agreement. Notably, the Company's shares traded for $11.00 in February of this year, or $0.50 above the per-share offer price.
Moreover, according to the acquisition announcement, the transaction "represents an opportunity for BIP to acquire a great franchise and leading fiber network operator in North America." BIP's CEO continued to underscore the importance of the deal, stating in part that "[CBB] is a great addition to [BIP's] data infrastructure portfolio and [is] expect[ed to] contribute strong utility-like cash flows with predictable growth."
Given these facts, WeissLaw is concerned whether the proposed acquisition undervalues the Company, and whether all material information related to the proposed acquisition is fully and fairly disclosed.
WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at email@example.com
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