Cincinnati Bell Inc.

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Ademi & O’Reilly, LLP is investigating Cincinnati Bell Inc. (NYSE: CBB) for possible breaches of fiduciary duty and other violations of the law in connection with the sale of Cincinnati Bell to Brookfield.

Ademi & O’Reilly, LLP alleges Cincinnati Bell’s financial outlook is improving and yet shareholders will receive only $10.50 in cash per share of Cincinnati Bell. The merger agreement unreasonably limits competing bids for Cincinnati Bell by prohibiting solicitation of further bids, and imposing a termination penalty if Cincinnati Bell accepts a superior bid. Cincinnati Bell insiders will receive millions of dollars as part of change of control arrangements. We are investigating the conduct of Cincinnati Bell’s board of directors, and whether they are (i) fulfilling their fiduciary duties to all shareholders, and (ii) obtaining a fair and reasonable price for Cincinnati Bell.