Why Grifols (GRFS) Stock Price Moved Up 7% on Wednesday

Shares of Grifols (GRFS) rose nearly 7% on Aug 21 following a report issued by Bloomberg, which stated that Canada-based Brookfield Asset Management is in talks with banks to raise funds worth €9.5 billion ($10.6 billion) in debt for its potential acquisition. Through these funds, Brookfield intends to refinance Grifols' existing debt, which includes loans and high-yield bonds. While most of the funding will be in dollars, the participating banks would be requested to commit to providing the funds 'before s ...