Reported 1 day ago
Grifols SA's board has advised shareholders not to accept Brookfield Asset Management's offer, which values the company at €6.45 billion, arguing it underestimates their prospects and long-term potential. The Grifols family and Brookfield have been negotiating to take the company private since July, but Brookfield's proposal has faced pushback from investors who are concerned about the company's valuation and have called for more representation in the board.
Source: YAHOO