Brookfield Infrastructure shares are trading higher after the company reported Q3 results and entered an asset purchase agreement under which Brookfield will acquire substantially all of Cyxtera's assets for $775 million.
Portfolio Pulse from Benzinga Newsdesk
Brookfield Infrastructure reported Q3 results and announced an asset purchase agreement to acquire substantially all of Cyxtera's assets for $775 million. This news has led to a rise in Brookfield's share prices.
November 01, 2023 | 3:11 pm
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Brookfield Infrastructure's shares are trading higher after the company reported Q3 results and announced a $775 million asset purchase agreement with Cyxtera.
The announcement of Q3 results and the asset purchase agreement with Cyxtera has positively impacted Brookfield Infrastructure's shares. The acquisition of Cyxtera's assets could potentially strengthen Brookfield's portfolio, leading to increased investor confidence and a rise in share prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100