What happened Cincinnati Bell (NYSE: CBB) is the most popular belle at the ball. Who knew? In December, as you may recall, Cincinnati Bell stock popped 35% in response to a bid by Brookfield Infrastructure Partners (NYSE: BIP) to acquire the company for $10.50 per share. One month later, an unidentified bidder -- which later turned out to be Australia's Macquarie Infrastructure and Real Assets (MIRA) -- trumped Brookfield's bid, offering $12 per share. And last week, Brookfield upped its own offer to $12.50. Fast-forward a few more days, and today we learn that Macquarie Infrastructure is upping its own offer to acquire Cincinnati Bell to $13.50 a share. Image source: Getty Images. So what Cincinnati Bell says that it will now "carefully review and evaluate the Proposal" from MIRA to see if accepting it will be "in the best interests of the Company and its stakeholders." At a price 8% better than Brookfield's last bid, it would seem to be. But for the time being, "the Brookfield merger agreement remains in effect and the Cincinnati Bell Board has not changed its existing recommendation in support of the transaction with Brookfield." Yet. Now what Investors, however, seem convinced they know how this plays out. With Cincinnati Bell stock rushing ahead to a share price of $14.88 today, investors appear to believe that Brookfield will raise its bid again for the stock -- and perhaps, that MIRA will then raise its bid again as well. How many times this back and forth continues before Cincinnati Bell declares a winner is anyone's guess. 10 stocks we like better than Brookfield Infrastructure PartnersWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Brookfield Infrastructure Partners wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of December 1, 2019 Rich Smith has no position in any of the stocks mentioned. The Motley Fool recommends Brookfield Infrastructure Partners. The Motley Fool has a disclosure policy.Source