Brookfield Weighs $7.4B Bid to Take Grifols Private, El Confidencial Says, Citing Sources

Dow Jones

Nov 18, 2024

--Canadian fund Brookfield Asset Management is considering an around 7 billion euros ($7.38 billion) offer for Spain's Grifols, after finishing due diligence on the heavily-indebted drug maker, El Confidencial reports, citing sources familiar with the matter.

--Brookfield is planning to offer 10.5 euros a share, below Grifols's closing price of 11.125 euros on Friday. The price is the result of a due diligence process that revealed the pharamceutical company faces tax and other competitive risks, according to El Confidencial.

--Down 30% year to date, the stock has struggled after hedge fund Gotham City Research raised questions over the company's financial reporting earlier this year. Shares trade 2.6% lower at 10.84 euros.

Full story: https://shorturl.at/EJ3rq

Write to Maitane Sardon at maitane.sardon@wsj.com

(END) Dow Jones Newswires

November 18, 2024 04:44 ET (09:44 GMT)

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The price is the result of a due diligence process that revealed the pharamceutical company faces tax and other competitive risks, according to El Confidencial. \n</p>\n<p>\n  --Down 30% year to date, the stock has struggled after hedge fund Gotham City Research raised questions over the company's financial reporting earlier this year. Shares trade 2.6% lower at 10.84 euros. \n</p>\n<pre>\n \n</pre>\n<p>\n  Full story: https://shorturl.at/EJ3rq \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Maitane Sardon at maitane.sardon@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 18, 2024 04:44 ET (09:44 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4139","symbol_name":"生物科技","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2484564993","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484564993","pubTimestamp":1731923040,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"--Canadian fund Brookfield Asset Management is considering an around 7 billion euros  offer for Spain's Grifols, after finishing due diligence on the heavily-indebted drug maker, El Confidencial reports, citing sources familiar with the matter.--Brookfield is planning to offer 10.5 euros a share, below Grifols's closing price of 11.125 euros on Friday. The price is the result of a due diligence process that revealed the pharamceutical company faces tax and other competitive risks, according to El Confidencial.--Down 30% year to date, the stock has struggled after hedge fund Gotham City Research raised questions over the company's financial reporting earlier this year. 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The price is the result of a due diligence process that revealed the pharamceutical company faces tax and other competitive risks, according to El Confidencial. \n\n\n  --Down 30% year to date, the stock has struggled after hedge fund Gotham City Research raised questions over the company's financial reporting earlier this year. Shares trade 2.6% lower at 10.84 euros. \n\n\n \n\n\n  Full story: https://shorturl.at/EJ3rq \n\n\n \n\n\n  Write to Maitane Sardon at maitane.sardon@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 18, 2024 04:44 ET (09:44 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}