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'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

Author: Benzinga Newsdesk | November 19, 2024 01:30pm

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 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.

Posted In: BAM GRFS


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