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Stock impact report

Brookfield Weighs €6.45 Billion Bid for Grifols; Shares Drop [Yahoo! Finance]

GRIFOLS SA S/ADR (GIKLY) 
Company Research Source: Yahoo! Finance
Grifols's shares fell. Most Read from Bloomberg Paris to Replace Parking Spaces With Trees New York's Transit Agency Approves $9 Congestion Toll In Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited Lift Amtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC Service A Bug's Eye View of Mexico City's Modernist Architecture The transaction committee of Grifols' board, which oversees talks with Brookfield, has considered the price and concluded that it undervalues the company and it cannot recommend it, according to a statement from Grifols Tuesday. Brookfield had issued a seperate regulatory filing earlier, in which it disclosed that it had signaled a tentative, non-binding price of €10.5 per Class A share of Grifols and €7.62 per class B share. Talks continue, Brookfield said. Grifols Class A shares declined as much as 6.7% after the statements were published. They were down 2.94% to €10.57 per share at 12:44 p.m in Madrid. Brookfield and the Grifols family Show less Read more
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