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Cincinnati Bell has completed its acquisition by Macquarie Infrastructure Partners V in an all-cash deal valued at approximately $2.9 billion. As part of the acquisition, each common share was converted to $15.50 in cash. Following the merger, trading of Cincinnati Bell's shares has been suspended on the NYSE, and the company has requested delisting. Additionally, Cincinnati Bell plans to redeem all its 6 3/4% Preferred Shares on September 22, 2021, at $50 per Depositary Share, providing a prorated cash dividend for shareholders.
