In light of these risks, uncertainties and assumptions, you should not place undue reliance on any forward-looking statements. MIP is a fund managed by Macquarie Infrastructure and Real Assets ("MIRA"). (Reporting by Chibuike Oguh in New York; Editing by Edwina Gibbs), (([email protected]; +332-219-1834; Reuters Messaging: [email protected])). Cautionary Statement Regarding Forward-Looking Statements. It is based on information generally available to the public and does not contain any material, nonpublic information. Factors that could cause or contribute to such differences include, but are not limited to: (i) the risk that the proposed merger with MIRA may not be completed in a timely manner or at all; (ii) the failure to receive, on a timely basis or otherwise, the required approval of the proposed merger with MIRA by Cincinnati Bell's shareholders; (iii) the possibility that competing offers or acquisition proposals for Cincinnati Bell will be made; (iv) the possibility that any or all of the various conditions to the consummation of the merger may not be satisfied or waived, including the failure to receive any required regulatory approvals from any applicable governmental entities (or any conditions, limitations or restrictions placed on such approvals); (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger, including in circumstances which would require Cincinnati Bell to pay a termination fee or other expenses; (vi) the effect of the announcement or pendency of the merger on Cincinnati Bell's ability to retain and hire key personnel, its ability to maintain relationships with its customers, suppliers and others with whom it does business, or its operating results and business generally; (vii) risks related to diverting management's attention from Cincinnati Bell's ongoing business operations; (viii) the risk that shareholder litigation in connection with the merger may result in significant costs of defense, indemnification and liability and (ix) (A) those discussed in Cincinnati Bell's Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and, in particular, the risks discussed under the caption "Risk Factors" in Item 1A, and (B) those discussed in other documents Cincinnati Bell filed with the SEC. Create your Watchlist to save your favorite quotes on Nasdaq.com. Macquarie Korea Asset Management and Platform Partners Asset Management are extending their fight over the management of an infrastructure fund into a court battle, according to both companies. Email: [email protected], Investors Cincinnati Bell: The company is headquartered in New York City. Macquarie's prior funds, the $5 billion Macquarie Infrastructure Partners IV and the $3 billion Macquarie Infrastructure Partners III, have returned 9.4% and 13.1% of their investors' money as of September last year, according to the State Universities Retirement System of Illinois, an investor in both funds. It is based on information generally available to the public and does not contain any material, nonpublic information. Reuters->. We're hiring engineering managers with experience in high-quality microservice architectures and high-performance team leadership who also have deep familiarity with Linux kernel, virtualisation, storage and networking. "Macquarie Infrastructure Corporation (MIC)", "The holey dollar: a symbol of innovation", "Macquarie Infrastructure Company Reports 2004 Results", "Macquarie Infrastructure Company Completes Sale of Airport Management Contracts", "Macquarie Infrastructure Company's Airport Parking Business", "Company Overview of International-Matex Tank Terminals, Inc", "Macquarie to Buy Rest of International-Matex for $1 Billion", https://en.wikipedia.org/w/index.php?title=Macquarie_Infrastructure_Corporation&oldid=1147948300, Atlantic Aviation, IMTT, MIC Hawaii, CP&E, This page was last edited on 3 April 2023, at 05:39. +1 (866) 867 6422. Our robust product portfolio includes world leading MCUs, SoCs, analog and power products, plus Winning Combination solutions that curate these complementary products. Macquarie is a global financial services group operating in 31 markets in asset management, retail and business banking, wealth management, leasing and asset financing, market . Vice President of Treasury, Corporate Finance and Investor Relations Additional risks of which we are not currently aware could also cause MIC's actual results to differ. Click the link in the email we sent to to verify your email address and activate your job alert. 2018 - Texas Stevedoring was formed and begins operations in Houston, Texas. At Cincinnati Bell Inc, we promise to treat your data with respect and will not share your information with any third party. MPT is one of the largest non-government owners of hospitals globally and focuses on acquiring and managing net-leased healthcare facilities in the US and selective foreign jurisdictions. Private Wealth Management Client Service Associate, Office Assistant (Facilities, Operations and HR), Nurse Practitioner or Physician Assistant - Oncology, Restaurant Manager - Boston Harbor City Cruises - The Odyssey, Field Engineer - Multifamily Construction, Customs Compliance (Free Trade Zone) Coordinator, See who Renesas Electronics has hired for this role, Florida Cancer Specialists & Research Institute, Express Employment Professionals - London, ON. Importantly, the new transaction price of $15.50 per share represents a 7% increase from our previous merger agreement with Brookfield at $14.50 per share and a 101% premium to Cincinnati Bell's closing per share price of $7.72 on December 20, 2019, the last trading day prior to the date when the original merger agreement with Brookfield was entered into. Telecom and IT services provider Cincinnati Bell Tuesday said that Macquarie Infrastructure Partners V, part of Australia-based infrastructure asset manager Macquarie Group, has finalized its $2.9 . To manage your current unitholding, distribution information or update your personal details online at the share registry, please contact Computershare. The Transaction price of $15.50 per share of Cincinnati Bell common stock represents a 101% premium to the closing per share price of $7.72 on December 20, 2019, the last trading day prior to the date when Cincinnati Bell's original merger agreement with Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) ("Brookfield") was executed, a 172% premium to the 60-day volume weighted average price up to and including December 20, 2019 and a 7% premium to Brookfield's prior binding agreement to acquire the Company. For more information, please visit the Companys website atmedicalpropertiestrust.com. Chibuike Oguh for Macquarie Infrastructure and Real Assets - Investment Team Private Equity Summer Analyst . The transaction values the portfolio at approximately $US1.78 billion. In addition, IMTT offers intra-company rail service flexible blending and transfer, customer waterfront, economical heating, petroleum reserve, and drum filling services. While a new recession may strike a particular industry, measuring . It is the sole franchised gas utility provider in the state of Hawaii. Work with System Solutions & Product Line Marketing teams to initiate the development of new Products and Solutions and to develop Broad Market Marcom strategies. "We continue to access a range of high-quality investment opportunities across the region as we build the MIP V portfolio and will utilize the team's sector and operational expertise to manage these investments over time." . [email protected], Lee Lubarsky Call Us. Highlights from a week-long virtual event bringing Bloomberg Businessweek magazine to life. 12-14 Rond Point des Champs-lyses Marcel-Dassault, Macquarie Bank International Limited, Vienna Branch. Your job seeking activity is only visible to you. Macquarie Infrastructure Partners (MIP) V will seek to invest in companies in the waste management, utilities, energy, transportation and communication sectors, primarily in the United States. Participate in and prepare for QBRs with internal and external distributor teams to review results and identify gaps and areas of improvement. We are a global financial services organisation with Australian heritage, operating in 34 markets. Determine whether Macquarie Infrastructure Partners V grew or shrank during the last recession. MAM provides specialist investment solutions to clients across a range of capabilities including infrastructure & renewables, real estate, agriculture, transportation finance, private credit, equities, fixed income, and multi-asset solutions. The obligations of these entities do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). No information set out above constitutes advice, an advertisement, an invitation, a confirmation, an offer or a solicitation, to buy or sell any security or other financial, credit or lending product or to engage in any investment activity, or an offer of any banking or financial service. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. (833) 343-2028. Please visit www.aresmgmt.comfor additional information. One of his achievements includes the establishment of Australia's first bank and introduction of its first domestic coinage in 1813, the Holey dollar. Get email updates for new Product Specialist jobs in Helsinki, Uusimaa, Finland. MIC is managed by Macquarie Infrastructure Management (USA) Inc. (MIMUSA), which is also one of MIC's largest shareholders. You can sign up for additional alert options at any time. As of March 31, 2021, the MAM business had $US427 billion of assets under management. Macquarie Infrastructure Corporation (MIC) owns, operates and invests in a diversified group of infrastructure businesses.Macquarie Infrastructure Corporation's business consists of the largest network of fixed-base operations in the United States, the largest bulk storage terminal business in the U.S., a gas production and distribution business, and a controlling interest in two district . Referrals increase your chances of interviewing at Canonical by 2x. Level 6, 7, part of Level 8, 825 Ann Street, Business Banking Only - Cheque Collections & Cheque Deposit Office. With headquarters in Cincinnati, Ohio, Cincinnati Bell Inc. (NYSE: CBB) delivers integrated communications solutions to residential and business customers over its fiber-optic and copper networks including high-speed internet, video, voice and data. 0000-00-00. Sign in to save Software Engineering Manager - Container and Virtualisation Infrastructure at Canonical. Jay Davis Macquarie Infrastructure Partners serves clients worldwide. We create positive social impact by empowering people to innovate and invest for a better future. Waste Dive has confirmed the deal through multiple sources and filings. A previous Sept. 2018 report from Moody's Investors Service indicates . [7][8], International-Matex Tank Terminals (IMTT), founded in 1939 and based in New Orleans, Louisiana, is the owner of the largest bulk storage terminal businesses in the United States. With headquarters in Cincinnati, Ohio, Cincinnati Bell Inc. (NYSE: CBB) delivers integrated communications solutions to residential and business customers over its fiber-optic and copper networks including high-speed internet, video, voice and data. The official website for the company is www.macquarie.com. Actual results may differ materially and adversely from those expressed in any forward-looking statements. About Energy Capital Partners . According to documents filed with the regulator, the new owner does not anticipate any changes to the operation of either railroad . By providing your email address below, you are providing consent to Cincinnati Bell Inc to send you the requested Investor Email Alert updates. Cincinnati Bell Inc. To Be Acquired By Macquarie Infrastructure Partners In $2.9 Billion Transaction, http://www.prnewswire.com/news-releases/cincinnati-bell-inc-to-be-acquired-by-macquarie-infrastructure-partners-in-2-9-billion-transaction-301022940.html. The forward-looking events discussed may not occur. MIP is a fund managed by . When expanded it provides a list of search options that will switch the search inputs to match the current selection. Investment inquiries. Our diverse team of experts share their latest thinking. We firmly believe this transaction will allow us to enhance our services and drive long-term value for our customers in Hawaii, Ohio, Kentucky, and Indiana, and across North America. Josh Duckworth Cincinnati Bell provides service in areas of Ohio, Kentucky, Indiana and Hawaii. Macquarie Bank Limited maintains Representative Offices in the states of Illinois, New York and Texas, but is not authorized to conduct business in the US. MPT is a leading global hospital owner, and our 50/50 partnership with MPT, combined with the 20-year triple net master lease with Steward, ensures that there is strong alignment across all parties with respect to the long-term performance of this portfolio., We are very pleased to have found in Macquarie Asset Management a partner that recognizes the pivotal role hospitals play in US infrastructure, said Edward K. Aldag, Jr., MPTs Chairman, President, and CEO. The eight hospitals that we are investing in are essential to their local communities and Steward, as operator, has clearly demonstrated the ability to transform the performance of these acute care hospitals over the last five years, so that they are now world class, well-operated healthcare infrastructure facilities. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Cincinnati Bell Inc. (NYSE:CBB) ("Cincinnati Bell" or "the Company"), together with Macquarie Infrastructure Partners ("MIP"), today announced an agreement through which a MIP-controlled subsidiary will acquire all outstanding shares of Cincinnati Bell for $15.50 per share in a cash transaction valued at approximately $2.9 billion, including debt (the "Transaction"). The obligations of these entities do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). T: +61 2 8232 2336 Lynn A. Wentworth, Chairman of the Cincinnati Bell Board of Directors, said, "After carefully evaluating MIP's revised offer, we are confident that this transaction is in the best interest of Cincinnati Bell and its shareholders. Visit the Career Advice Hub to see tips on interviewing and resume writing. Our mission is to build a next-generation private cloud infrastructure, combining KVM, Ceph, and SDN technologies to create a data center scale cloud that 'just works' and provides a mission-critical cloud for edge and core enterprise deployments.
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