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Grifols Shares Surge on Take-Private Talks
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Grifols Shares Surge on Take-Private Talks
Jul 9, 2024 4:06 AM

06:33 AM EDT, 07/09/2024 (MT Newswires) -- Grifols ( GRFS ) shares were up more than 7% in recent premarket activity on Tuesday, a day after a regulatory filing showed that the company's founding family and private equity fund Brookfield (BN) are considering a bid to take the drugmaker private.

The filing submitted Monday showed the company held a meeting over the weekend to study a delisting proposal by Brookfield and the Grifols ( GRFS ) family.

The family owns a 30% stake in the company and has no intention to divest, Reuters reported, citing data by the Spanish securities regulators and a source close to the discussions.

Brookfield is considering investing 5 billion euros ($5.41 million) in Grifols ( GRFS ), the report said.

Price: 8.96, Change: +0.55, Percent Change: +6.54

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