Cincinnati Bell (CBB, $10.46) to be bought by Brookfield Infrastructure Partners in $2.6 billion deal

Telecommunications company Cincinnati Bell  is ready to be  acquired by infrastructure asset management company Brookfield Infrastructure Partners  in a $2.6 billion transaction.

According to the agreement, Cincinnati Bell  shareholders will receive $10.50 in cash for each share, at the close of the transaction. The transaction price represents a 36% premium to the closing per share price of $7.72 on Dec. 20 and an 84% premium to the 60-day volume weighted average price.

Cincinnati Bell owns and operates a data transmission and distribution network in Cincinnati and Hawaii, catering to more than 1.3 million homes. The company provides fiber broadband, video and voice services.

The acquisition is expected to close before the end of 2020, according to the two companies.

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Sergey Savastiouk|Expert

Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.