Grifols Class B stock falls as Brookfield reportedly seeks lower price [Seeking Alpha]
Grifols, S.A. - American Depositary Shares (GRFS)
Last grifols, s.a. - american depositary shares earnings: 5/7 07:27 am
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US:NASDAQ Investor Relations:
grifols.com/en/web/international/investor-relations/home-page
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Source: Seeking Alpha
manager Brookfield is seeking a lower price for that category of stock in its proposed take-private bid. Since the buyout offer led by the Grifols founding family and Brookfield came to light, traders have speculated that the firm's voting Class A and non-voting Class B stocks will fetch a similar price in an acquisition. As a result, Class B stock, which trades at a discount to Class A, has outperformed as Grifols ( NASDAQ: GRFS ) articles of association state that a Class B share shall be treated in all respects “as identical to one Class A share, and Class B shares shall not be subject to discriminatory treatment.” Expansion reported that Brookfield wants to change the bylaws to pay a lower price for Class B stock. According to the company's articles of association, Grifols' ( GRFS ) Class B holders should be allowed to vote on the change. Grifols Class A stock fell ~3% , while Class B stock lost ~8% in reaction to the report. Representatives of Brookfield, Grifols ( GRFS )
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News
- Mason Capital Reiterates Corporate Governance Shortcomings and Mismanagement of Grifols Under Current Board of DirectorsBusiness Wire
- Mason Capital Management Highlights Corporate Governance Failures and Significant Shareholder Value Destruction Under Grifols Board of DirectorsBusiness Wire
- Grifols, S.A. (NASDAQ: GRFS) was upgraded by analysts at Berenberg Bank to a "strong-buy" rating.MarketBeat
- Grifols Receives FDA Approval to Treat Surgical Bleeding in Pediatric Patients With its Fibrin Sealant SolutionGlobeNewswire
- Grifols Partners with BARDA for Proof-of-Concept Testing of Ocular Immunoglobulin as Treatment for Sulfur Mustard-Induced Eye InjuryGlobeNewswire
GRFS
Sec Filings
- 11/19/24 - Form 6-K
- 11/19/24 - Form 6-K
- 11/14/24 - Form SC
- GRFS's page on the SEC website