Reported about 1 year ago
Grifols SA disclosed that its founding family and investment firm Brookfield are exploring a potential joint bid to acquire and privatize the pharmaceutical company, following a significant market value decline due to a short-seller attack. The offer, with Grifols' current market value at €5.5 billion ($6 billion), comes after recent efforts by the company to address investor concerns and manage the impact of the crisis. Shares surged 14.5% on news of the bid.
Source: YAHOO