financetom
Business
financetom
/
Business
/
Grifols shares tumble after report on Brookfield abandoning takeover plan
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Grifols shares tumble after report on Brookfield abandoning takeover plan
Nov 27, 2024 12:42 AM

MADRID, Nov 27 (Reuters) - Shares in Grifols

were falling on Wednesday morning after Bloomberg reported

Canadian fund Brookfield is considering dropping its plan to

take over the Spanish pharmaceutical firm.

The Canadian private equity firm is walking away on

disagreement on the company's value, Bloomberg said, citing

unidentified sources.

Brookfield said in September it was interested in launching

a takeover bid jointly with the Grifols family, pending

successful completion of due diligence.

Grifols shares were down 6.8% at 0817 GMT.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved