Macquarie Acquisition of Cincinnati Bell

Goodmans LLP acted for Macquarie Infrastructure Partners V in connection with its acquisition of Cincinnati Bell Inc. (“Cincinnati Bell”) in an all-cash transaction valued at approximately $2.9 billion, including debt (the “Transaction”).
Cincinnati Bell also announced that, in connection with the completion of the Transaction, it would redeem all of its issued and outstanding 6 3/4% Cumulative Convertible Preferred Shares, without par value.

The transaction was announced following the determination by Cincinnati Bell's board of directors that Macquarie Infrastructure Partners V’s proposal constituted a "Superior Proposal" under Cincinnati Bell’s previously announced merger agreement with Brookfield Infrastructure.