Canadian fund Brookfield is in talks with banks to raise funds for its possible takeover bid for beleaguered Spanish drugmaker Grifols, two people familiar...
BARCELONA/LONDON - Canadian fund Brookfield is in talks with banks to raise funds for its possible takeover bid for beleaguered Spanish drugmaker Grifols , two people familiar with the matter said on Wednesday. Grifols said last month it would study a preliminary offer presented by Brookfield and the Grifols founding family, which holds a stake of around 30% in Grifols , for a possible joint takeover bid with the intent to de-list Grifols .
Since early January, short-seller fund Gotham City Research has released several reports accusing Grifols of overstating earnings and understating debt. Following the reports, Grifols, which makes medicine using blood plasma, announced management changes and revised its reported leverage higher after Spain's market supervisor required that it change its calculations.
ATLANTA — County election officials in Georgia are asking the State Election Board to stop changing the rules ahead of the November election, citing concerns about creating unnecessary confusion for poll workers and voters.Earnings from retailers like Walmart , Target , TJX , and Macy's , along with jobs and retail data are painting a very mixed picture of the US consumer.
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