Why Cincinnati Bell Stock Just Jumped 20%
The news just keeps getting better for shareholders of Cincinnati Bell (NYSE: CBB).
Last month, the stock surged nearly 35% in a day, after it announced plans to sell itself to Brookfield Infrastructure Partners (NYSE: BIP) for the princely sum of $10.50 per share. Today, Cincinnati Bell stock is marching higher once again on the revelation that an unnamed "infrastructure fund" has proposed to pay even more to acquire the company: $12 a share, cash.
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Source Fool.com
