Grifols, Brookfield Asset Management
pharmaphorum · 16m
Grifols slides as Brookfield pulls out of takeover talks
Barcelona-based Grifols has seen its stock value plummet since January when short seller Gotham City Research accused the company of manipulating debt and earnings reporting by consolidating profit from businesses that were sold to a 'vehicle' owned by its founding family.
YAHOO!Finance · 20h
Brookfield Set to Drop Grifols Bid as Family Shuns Others
Brookfield Asset Management Ltd. is preparing to walk away from a plan to acquire Grifols SA over disagreements on valuation. The Spanish company’s billionaire founding family said it won’t support any new bid to take its namesake drug-maker private.
MarketWatch · 21h
Grifols ADRs Tumble After Brookfield Reportedly Backs Away from Takeover Bid
Citing unnamed sources, Bloomberg reported overnight that Brookfield is preparing to drop its 6.45 billion-euro ($6.77 billion) bid to acquire Grifols after failing to reach an agreement with its board on price.
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