'Grifols Board Issues Unfavorable Opinion On Brookfield Offer; Brookfield And Grifols Family Have Been In Talks Since July; Investors Are Prepared To Push Back Against Low-Ball Offer' - Bloomberg News
Benzinga Newsdesk 1 year ago
M&ANewsManagement
https://www.bloomberg.com/news/articles/2024-11-19/grifols-board-issues-unfavorable-opinion-on-brookfield-offer Grifols SA's board of directors said it won't recommend that shareholders accept Brookfield Asset
Grifols SA's board of directors said it won't recommend that shareholders accept Brookfield Asset Management's indicative offer, which values the Spanish drugmaker at €6.45 billion ($6.8 billion).
The offer "significantly undervalues the company's fundamental prospects and its long-term potential," Grifols said in a regulatory filing on Tuesday. The asset manager's disclosure was a tentative, non-binding indication requested by the Spanish regulator following media reports.