Brookfield Preparing to Abandon Grifols Bid, Bloomberg Reports, Citing Sources

Dow Jones

2024-11-27

--Brookfield Asset Management is preparing to abandon its 6.45 billion-euro ($6.77 billion) bid to take over Spanish pharmaceutical company Grifols after failing to reach an agreement with the company's board on the price, Bloomberg reports, citing unnamed sources.

--The asset manager has been seeking for months to take the drugmaker private in partnership with the Grifols family and last week said it was still assessing a possible deal, Bloomberg reports.

--A Brookfield representative declined to comment and a representative for Grifols couldn't immediately comment, according to Bloomberg.

Full story: https://shorturl.at/XL3L8

Write to Adria Calatayud at adria.calatayud@wsj.com

(END) Dow Jones Newswires

November 27, 2024 03:52 ET (08:52 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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