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Cincinnati Bell Inc (CBB.N)

CBB.N on New York Stock Exchange

14.92USD
1 Jul 2020
Change (% chg)

$0.07 (+0.47%)
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Latest Key Developments (Source: Significant Developments)

Cincinnati Bell - Quarterly Revenue Totaled $380 Million, Consistent With Prior Year
Tuesday, 5 May 2020 

May 5 (Reuters) - Cincinnati Bell Inc ::CINCINNATI BELL - QTRLY REVENUE TOTALED $380 MILLION, CONSISTENT WITH THE PRIOR YEAR.CINCINNATI BELL - QTRLY BASIC & DILUTED NET LOSS PER COMMON SHARE $0.72.  Full Article

Cincinnati Bell To Be Acquired By Macquarie Infrastructure Partners In $2.9 Billion Transaction
Friday, 13 Mar 2020 

March 13 (Reuters) - Cincinnati Bell Inc ::CINCINNATI BELL INC. TO BE ACQUIRED BY MACQUARIE INFRASTRUCTURE PARTNERS IN $2.9 BILLION TRANSACTION.CINCINNATI BELL INC - DEAL FOR $15.50 PER SHARE.CINCINNATI BELL INC - CASH TRANSACTION VALUED AT APPROXIMATELY $2.9 BILLION, INCLUDING DEBT.CINCINNATI BELL INC - IN CONNECTION WITH TERMINATION, CINCINNATI BELL HAS PAID BROOKFIELD A $24.8 MILLION BREAK-UP FEE.CINCINNATI BELL INC - ARES FUNDS MANAGED BY PRIVATE EQUITY GROUP OF ARES MANAGEMENT AGREED TO PROVIDE EQUITY FINANCING FOR TRANSACTION.  Full Article

Ares Management Says The MIP V Affiliates Submitted A Letter To Cincinnati Bell's Board Amending March 3Rd Amended Proposal
Thursday, 5 Mar 2020 

March 5 (Reuters) - Cincinnati Bell Inc ::ARES MANAGEMENT LLC - SUBSEQUENTLY ON MARCH 4, THE MIP V AFFILIATES SUBMITTED A LETTER TO CINCINNATI BELL'S BOARD AMENDING MARCH 3RD AMENDED PROPOSAL.ARES MANAGEMENT-MARCH 4TH PROPOSAL TO INCREASE MERGER CONSIDERATION PAYABLE TO EACH HOLDER OF CINCINNATI'S COMMON SHARES TO $14.50/COMMON SHARE IN CASH.  Full Article

Cincinnati Bell And Brookfield Infrastructure Sign Amended Merger Agreement
Wednesday, 4 Mar 2020 

March 4 (Reuters) - Cincinnati Bell Inc :CINCINNATI BELL INC. AND BROOKFIELD INFRASTRUCTURE SIGN AMENDED MERGER AGREEMENT.CINCINNATI BELL - INCREASES CONSIDERATION PAYABLE TO HOLDERS OF OUTSTANDING SHARES OF CINCINNATI BELL STOCK TO $13.50 PER SHARE IN CASH.CINCINNATI BELL - REVISED TRANSACTION PRICE REPRESENTS 75% PREMIUM TO CLOSING PER SHARE PRICE OF $7.72 ON DEC 20, 2019.CINCINNATI BELL INC - AMENDED MERGER AGREEMENT VALUES TRANSACTION AT ABOUT $2.797 BILLION, INCLUDING DEBT.CINCINNATI BELL - ALL OTHER TERMS OF BROOKFIELD MERGER AGREEMENT REMAIN SAME.CINCINNATI BELL- CINCINNATI BELL'S BOARD OF DIRECTORS APPROVED AMENDED MERGER AGREEMENT.CINCINNATI BELL - IN CONSIDERATION FOR INCREASED PURCHASE PRICE, BREAK-UP FEE PAYABLE BY CINCINNATI BELL INCREASED FROM $21.39 MILLION TO $23.1 MILLION.  Full Article

Cincinnati Bell Announces Receipt Of Unsolicited Binding Acquisition Proposal
Tuesday, 3 Mar 2020 

March 2 (Reuters) - Cincinnati Bell Inc ::CINCINNATI BELL INC. ANNOUNCES RECEIPT OF UNSOLICITED BINDING ACQUISITION PROPOSAL.CINCINNATI BELL INC - PROPOSED DEAL FOR $13.50 PER SHARE IN CASH.CINCINNATI BELL INC - BROOKFIELD MERGER AGREEMENT REMAINS IN EFFECT.CINCINNATI BELL INC - CINCINNATI BELL BOARD HAS NOT CHANGED EXISTING RECOMMENDATION IN SUPPORT OF TRANSACTION WITH BROOKFIELD.CINCINNATI BELL INC - ON MARCH 2, 2020, CO RECEIVED BINDING PROPOSAL FROM MACQUARIE INFRASTRUCTURE AND REAL ASSETS INC..CINCINNATI BELL INC - BOARD TO CAREFULLY REVIEW AND EVALUATE PROPOSAL FROM MACQUARIE INFRASTRUCTURE AND REAL ASSETS INC TO DETERMINE COURSE OF ACTION.  Full Article

Cincinnati Bell Posts Qtrly Loss Per Share Of $0.46
Thursday, 13 Feb 2020 

Feb 13 (Reuters) - Cincinnati Bell Inc ::CINCINNATI BELL REPORTS FOURTH QUARTER AND FULL YEAR 2019 RESULTS.Q4 REVENUE $390 MILLION.QTRLY LOSS PER SHARE $0.46.  Full Article

GAMCO Investors Says It Owns About 7.79% Stake In Cincinnati Bell Inc
Friday, 31 Jan 2020 

Jan 30 (Reuters) - Cincinnati Bell Inc ::GAMCO INVESTORS SAYS SENT NOTICE TO CINCINNATI BELL OF ITS INTENT TO NOMINATE TIMOTHY BAXTER AS CANDIDATE FOR ELECTION BY SHAREHOLDERS TO CO'S BOARD.GAMCO INVESTORS SAYS IT OWNS ABOUT 7.79% STAKE IN CINCINNATI BELL INC AS OF JANUARY 30, 2020 - SEC FILING.  Full Article

Cincinnati Bell Inc Announces Receipt Of Unsolicited Acquisition Proposal
Friday, 24 Jan 2020 

Jan 24 (Reuters) - Cincinnati Bell Inc ::CINCINNATI BELL INC. ANNOUNCES RECEIPT OF UNSOLICITED ACQUISITION PROPOSAL.CINCINNATI BELL INC - BROOKFIELD MERGER AGREEMENT REMAINS IN EFFECT.CINCINNATI BELL INC - CINCINNATI BELL HAS COMMENCED DISCUSSIONS WITH FUND REGARDING PROPOSAL.CINCINNATI BELL - ON JAN 22, 2020 RECEIVED NON-BINDING PROPOSAL TO ACQUIRE ALL COMMON STOCK OF CINCINNATI BELL FOR $12.00 PER SHARE IN CASH.CINCINNATI BELL INC - BOARD REAFFIRMS EXISTING RECOMMENDATION IN SUPPORT OF DEAL WITH BROOKFIELD INFRASTRUCTURE AT THIS TIME.CINCINNATI BELL - RECEIVED NON-BINDING PROPOSAL FROM AN INFRASTRUCTURE FUND.  Full Article

Cincinnati Bell To Be Acquired By Brookfield Infrastructure In $2.6 Bln Deal
Monday, 23 Dec 2019 

Dec 23 (Reuters) - Cincinnati Bell Inc ::CINCINNATI BELL INC. TO BE ACQUIRED BY BROOKFIELD INFRASTRUCTURE IN $2.6 BILLION TRANSACTION.CINCINNATI BELL - EACH SHARE OF CO'S COMMON STOCK WILL BE CONVERTED INTO RIGHT TO RECEIVE $10.50 IN CASH AT CLOSING OF TRANSACTION.CINCINNATI BELL - TRANSACTION HAS RECEIVED UNANIMOUS APPROVAL OF CINCINNATI BELL'S BOARD OF DIRECTORS.CINCINNATI BELL INC - DEAL VALUED AT ABOUT $2.6 BILLION, INCLUDING DEBT.  Full Article

Cincinnati Bell Reports Third Quarter 2019 Results
Thursday, 7 Nov 2019 

Nov 7 (Reuters) - Cincinnati Bell Inc ::CINCINNATI BELL REPORTS THIRD QUARTER 2019 RESULTS.Q3 REVENUE $383 MILLION VERSUS REFINITIV IBES ESTIMATE OF $381.9 MILLION.REMAIN COMMITTED TO FULL YEAR 2019 FINANCIAL GUIDANCE.CINCINNATI BELL IS REAFFIRMING REVENUE, ADJUSTED EBITDA GUIDANCE FOR 2019.QTRLY BASIC & DILUTED NET LOSS PER COMMON SHARE $0.32.SEES DEPRECIATION AND AMORTIZATION CHARGES OF $300 MILLION TO $305 MILLION FOR 2019.  Full Article

BRIEF-Gamco Investors Says Withdraw Nominations To Cincinnati Bell'S Board

* GAMCO INVESTORS SAYS WITHDRAW NOMINATIONS TO CINCINNATI BELL’S BOARD AS CO TO BE ACQUIRED BY UNIT OF MACQUARIE INFRASTRUCTURE PARTNERS - SEC FILING Source text: (https://bit.ly/2zpeCVj) Further company coverage: