CBB - Cincinnati Bell Inc.
Chart Events
Commodity Channel Index
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 14.71 |
| Open | 14.76 |
| Bid | 14.76 x 2200 |
| Ask | 14.77 x 1000 |
| Day's Range | 14.70 - 14.77 |
| 52 Week Range | 3.19 - 16.05 |
| Volume | 101,129 |
| Avg. Volume | 963,388 |
| Market Cap | 746.784M |
| Beta (5Y Monthly) | 0.78 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -1.67 |
| Earnings Date | Aug 06, 2020 - Aug 10, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | Jul 02, 1999 |
| 1y Target Est | 15.50 |
Fair Value
Related Research
- Business Wire
The City of Wyoming Partners with Cincinnati Bell to Provide Free Public WiFi
The City of Wyoming is proud to announce a partnership with Cincinnati Bell to realize a "Smart City" vision and bring free public WiFi to Wyoming as part of a broader effort to ignite economic growth.
- PR Newswire
Cincinnati Bell Shareholders Overwhelmingly Approve Acquisition By Macquarie Infrastructure Partners
Cincinnati Bell Inc. (NYSE: CBB) ("Cincinnati Bell"), today announced its shareholders approved all proposals related to its agreement to be acquired by a controlled subsidiary of Macquarie Infrastructure Partners ("MIP").
- Business Wire
Cincinnati Bell Reports First Quarter 2020 Results
Cincinnati Bell Inc. (NYSE:CBB), today announced financial results for the first quarter of 2020.
- Business Wire
CBTS Announces Managed Database Services Solution
CBTS, a leading technology provider that delivers communications, cloud, infrastructure, and consulting solutions to clients across North America, is pleased to announce the CBTS Managed Database Services solution.
- PR Newswire
Leading Proxy Advisory Firms ISS, Glass Lewis And Egan-Jones Recommend Cincinnati Bell Shareholders Vote For The Transaction With Macquarie Infrastructure Partners
Cincinnati Bell Inc. (NYSE:CBB) ("Cincinnati Bell"), today announced that leading proxy advisory firms Institutional Shareholder Services Inc. ("ISS"), Glass Lewis & Co., LLC ("Glass Lewis") and Egan-Jones Ratings Company ("Egan-Jones") have all recommended that Cincinnati Bell shareholders vote FOR the proposed merger whereby a controlled subsidiary of Macquarie Infrastructure Partners ("MIP") has agreed to acquire all outstanding shares of Cincinnati Bell pursuant to a plan of merger (the "Transaction").
- American City Business Journals
Cincinnati Bell CEO talks impact of coronavirus on acquisition, region's network
The coronavirus hit Ohio at an interesting time for hometown technology and infrastructure firm Cincinnati Bell: just as it firmed up an agreement to be acquired for $2.9 billion. In a wide-ranging interview, the company's CEO talks about Covid-19's impact on the deal, as well as how his company has responded to the pandemic.
- Business Wire
Cincinnati Bell Inc. Announces First Quarter 2020 Earnings Issue Date
Cincinnati Bell Inc. (NYSE:CBB) will issue its financial results for the first quarter of 2020 before the market opens on Tuesday, May 5, 2020.
- GlobeNewswire
Rigrodsky & Long, P.A. Files Class Action Suit Against Cincinnati Bell Inc.
WILMINGTON, Del., April 13, 2020 -- Rigrodsky & Long, P.A. announces that it has filed a class action complaint in the United States District Court for the District of.
- American City Business Journals
These Cincinnati stocks fared best, worst in March as market plummeted
Greater Cincinnati stock got slammed along with the market in March but it paid to sell your business or to be a grocer in this age of coronavirus.
- Zacks
Diversified Communication Industry Reflects Bearish Trends
Diversified Communication Industry Reflects Bearish Trends
- GlobeNewswire
SHAREHOLDER ALERT: WeissLaw LLP Reminds MEET, CBB, DLPH, and FTSV Shareholders About Its Ongoing Investigations
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of The Meet Group, Inc. (MEET) in connection with the proposed acquisition of the company by NuCom Group. Under the terms of the acquisition agreement, MEET shareholders will receive $6.30 in cash for each share of MEET common stock that they own. WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the Board of Directors of Cincinnati Bell Inc. (CBB) in connection with the proposed acquisition of the company by Macquarie Infrastructure Partners.
- GlobeNewswire
Are Shareholders Getting a Fair Deal? Halper Sadeh LLP Investigates the Sale of These Companies – CORV, TERP, IOTS, CBB
NEW YORK, March 24, 2020 -- Halper Sadeh LLP, a global investor rights law firm, continues to investigate whether the following proposed mergers are fair to shareholders..
- GlobeNewswire
SHAREHOLDER ALERT: WeissLaw LLP Reminds GCAP MINI, MEET, and CBB Shareholders About Its Ongoing Investigations
WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of GAIN Capital Holdings, Inc. (GCAP) in connection with the proposed acquisition of the company by INTL FCStone Inc. (“INTL”). Under the terms of the acquisition agreement, GCAP shareholders will receive a mere $6.00 per share in cash for each share of GCAP common stock that they own.
- Business Wire
Cincinnati Bell Creates Fund to Support Meal Programs for Students, Families
Cincinnati Bell Inc. will donate $20,000 to Cincinnati Public Schools to help ensure that students and their families in our community have access to healthy meals, educational materials, and hygiene kits while schools are closed during Ohio Governor Mike DeWine’s mandate to reduce the spread of the coronavirus.
- Business Wire
CBTS Announces Partnership With N.J.-based Edge
CBTS, a leading technology provider that delivers communications, cloud, infrastructure, and consulting solutions to clients across North America, is pleased to announce a partnership with Edge, the New Jersey-based nonprofit research and education network and technology partner.
- Zacks
Cincinnati Bell Inks $2.9B Deal With MIRA, Shares Rally
Cincinnati Bell (CBB) signs a $2.9 billion merger agreement with Macquarie Infrastructure and Real Assets to maximize value of stakeholders and scale up operational efficiency.
- Zacks
Why Is Cincinnati Bell (CBB) Up 13.1% Since Last Earnings Report?
Cincinnati Bell (CBB) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- American City Business Journals
It's now official: Cincinnati Bell acquired
Cincinnati Bell has officially agreed to be acquired for $2.9 billion by a New York company. Cincinnati Bell (NYSE: CBB) announced Friday that it has entered into a definitive agreement with Macquarie Infrastructure and Real Assets (MIRA) to be acquired for $2.9 billion, which would pay out $15.50 for every outstanding share of Bell. Cincinnati Bell had originally agreed to be acquired by Brookfield Infrastructure, a Toronto firm that first offered to pay $10.50 per share of Bell, but then upped that to $12.50 after the Cincinnati technology firm got a competing offer.
- MarketWatch
Cincinnati Bell to be acquired by Macquarie Infrastructure in all-cash deal valued at $2.9 billion
Cincinnati Bell Inc. said Friday it has reached agreement to be acquired by Macquarie Infrastructure Partners in an all-cash deal valued at about $2.9 billion. Under the terms of the deal, Macquarie will pay $15.50 for each Cincinnati Bell share, equal to a 101% premium to the closing per share price of $7.72 on December 20, 2019, the last trading day before the announcement of Cincinnati Bell's original merger agreement with Brookfield Infrastructure . That deal was derailed when Macquarie came forward with a bid that the company deemed superior. Funds managed by private equity firm Ares Management Corporation have agreed to provide equity financing for the transaction. Cincinnati Bell has paid $24.8 million to Brookfield in a breakup fee. The deal is expected to close in the first half of 2021. Cincinnati Bell shares rose 3% in early trade.
- PR Newswire
Cincinnati Bell Inc. To Be Acquired By Macquarie Infrastructure Partners In $2.9 Billion Transaction
Cincinnati Bell Inc. (NYSE:CBB) ("Cincinnati Bell" or "the Company"), together with Macquarie Infrastructure Partners ("MIP"), today announced an agreement through which a MIP-controlled subsidiary will acquire all outstanding shares of Cincinnati Bell for $15.50 per share in a cash transaction valued at approximately $2.9 billion, including debt (the "Transaction"). MIP is a fund managed by Macquarie Infrastructure and Real Assets ("MIRA"). Certain Special Opportunities funds ("Ares Funds") managed by the Private Equity Group of Ares Management Corporation (NYSE: ARES) ("Ares Management") have agreed to provide equity financing for the Transaction.
- Business Wire
VMware Recognizes CBTS As a Leading VMware SD-WAN Service Provider
CBTS, a leading technology provider that delivers communications, cloud, infrastructure, and consulting solutions to clients across North America, has been recognized by VMware, Inc., as a leading service provider of VMware SD-WAN by VeloCoud.
- Zacks
Cincinnati Bell Picks Macquarie Amid Intense Bidding War
Cincinnati Bell (CBB) signs an amended merger agreement with Macquarie Infrastructure and Real Assets, which is believed to have outbid Brookfield Infrastructure.
- American City Business Journals
Suitor walks from Cincinnati Bell acquisition
A Toronto company that was in agreement to acquire Cincinnati Bell is backing away from that deal in light of a higher offer.
- PR Newswire
Cincinnati Bell Inc. Announces Update To Transaction Process
As previously announced, Cincinnati Bell Inc. (NYSE: CBB) has received a binding proposal from Macquarie Infrastructure and Real Assets Inc. ("MIRA") that Cincinnati Bell's Board of Directors, in consultation with its legal and financial advisors, determined constitutes a "Superior Company Proposal" as defined in Cincinnati Bell's previously announced merger agreement with Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) ("Brookfield"). Under the terms of MIRA's proposal, MIRA would acquire all outstanding shares of common stock of Cincinnati Bell for $15.50 per share in cash.
- American City Business Journals
Cincinnati Bell could back out of acquisition after getting better offer
Cincinnati Bell has received a higher acquisition offer and is giving Toronto-based Brookfield Infrastructure the chance to respond before backing out of its previously announced deal.
