Grifols Says Founding Family, Brookfield Weigh Takeover Bid (2)

Grifols SA said that its founding family and asset manager Brookfield have made an approach to buy and delist it, after the pharmaceutical producer lost billions in market value amid a short-seller attack.

Brookfield and the Grifols family “have reached an agreement to evaluate a possible joint takeover bid to acquire all” the shares of the company and take it private, the Barcelona-based firm said in a regulatory filing Monday. The company has a market value of €5.5 billion ($6 billion).

Grifols doesn’t know whether the transaction will take place nor the terms under which it would be carried out, ...