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Stock impact report

Brookfield Drops $6.8 Billion Offer to Buy Drugmaker Grifols [Yahoo! Finance]

GRIFOLS SA S/ADR (GIKLY) 
Company Research Source: Yahoo! Finance
Most Read from Bloomberg New York City's ‘Living Breakwaters' Brace for Stormier Seas In Italy's Motor City, Car-Free Options Are Growing In Kansas City, a First-Ever Stadium Designed for Women's Sports Takes the Field NYC's Underground Steam System May Be Key to a Greener Future NYC Gets Historic Push for 80,000 Homes With $5 Billion Pledge The New York-based money manager said Wednesday it decided to not pursue the deal, confirming a Bloomberg report, after the Grifols board rejected its indicative offer that valued the company at €6.45 billion ($6.8 billion). Brookfield said in a regulatory filing that it was “not in a position to continue with a potential offer” after extensive due diligence and considering the board's rejection. Brookfield, whose talks were disclosed publicly in July, was looking to take the company private in partnership with the Grifols family, which owns about a third of the maker of medicines for diseases such as as hepatitis and hemophilia. Th Show less Read more
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