01:34 PM EST, 11/05/2024 (MT Newswires) -- Brookfield Asset Management ( BAM ) is seeking further information about Grifols' ( GRFS ) related-party transactions as it pursues a potential deal to take the drugmaker private, Bloomberg News reported Tuesday, citing an unnamed person familiar with the matter.

Brookfield had asked for more time to conduct due diligence on the business, the report said. The asset manager is still moving forward with its potential takeover bid and believes it can secure the funding for the transaction, the report added.

Brookfield Asset Management ( BAM ) and Grifols ( GRFS ) did not immediately reply to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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