NEW YORK, NY / ACCESSWIRE / December 27, 2019 / The following statement is being issued by Levi & Korsinsky, LLP:
To: All Persons or Entities who purchased Cincinnati Bell Inc. ("Cincinnati Bell" or the "Company") (NYSE:CBB) stock prior to December 23, 2019.
You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the sale of Cincinnati Bell to Brookfield Infrastructure and its institutional partners. Under the terms of the agreement, each issued and outstanding share of Cincinnati Bell common stock will be converted into the right to receive $10.50 in cash. To learn more about the action and your rights, go to:
https://www.zlk.com/mna/cincinnati-bell-inc
or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500. There is no cost or obligation to you.
The Cincinnati Bell merger investigation concerns whether the Board of Cincinnati Bell breached their fiduciary duties to stockholders by failing to adequately shop the Company before agreeing to enter into this transaction and whether Brookfield Infrastructure is underpaying for Cincinnati Bell shares, thus unlawfully harming Cincinnati Bell shareholders.
Levi & Korsinsky is a national firm with offices in New York, Connecticut, California, and Washington D.C. The firm's attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities lawsuits and have recovered hundreds of millions of dollars for aggrieved shareholders. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
55 Broadway, 10th Floor
New York, NY 10006
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE: Levi & Korsinsky, LLP