Brookfield to Request More Time for Grifols Due Diligence
- Asset manager, Grifols family in talks to take firm private
- Due diligence dates back to July expression of interest
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Brookfield Asset Management will request more time to conduct due diligence on Grifols SA, as it seeks to take the Spanish drug maker private, according to a person familiar with the matter.
The Toronto-based asset manager could send a letter to the Grifols board as early as Monday to ask for an extension to complete its review of the business, the person said, asking not to be named discussing private information.