By Reuters Staff
2 Min Read
Brookfield Asset Management CEO Bruce Flatt poses in front of the company’s logo in Tokyo, Japan, May 16, 2019.
NEW YORK (Reuters Breakingviews) - CANADIAN HOSPITALITY. Brookfield Asset Management is engaging in some self-serving generosity. On Thursday the Canadian property giant raised its bid to take private its listed commercial real estate arm, Brookfield Property Partners, offering minority shareholders $6.5 billion, or 10% more than January’s opening gambit.
Digging deeper is a Brookfield speciality. It similarly raised bids for GGP, Rouse Properties, Brookfield Office Properties and Canada Office Properties. This bump is bigger than usual, partly because Brookfield’s own shares have risen in the meantime. That’s despite the fact the group holds around 60% of BPP already. At Rouse and GGP it didn’t even have a majority stake.
(0) Bounteous, a leading insights-driven digital experience consultancy, received an honorable mention in the 2021 Gartner Magic Quadrant for Global Marketing Agencies report.
1 The recognition comes as the company continues to aggressively expand its blue-chip client base and global presence.
Bounteous co-innovates with clients globally, such as Coca-Cola, Domino s, Mars, Shake Shack, and Staples to create transformative digital experiences. Recently, Adweek recognized the consultancy as one of the Top 10 Fastest-Growing Large Agencies in the world. Bounteous provides strategic services for leading brands, including 40 of the Fortune 500, and spans five continents. Its headcount has grown to more than 700 strategists, technologists, designers, analysts, content creators, and marketers across offices in the United States, Canada, Mexico, and Germany.
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HONG KONG (Reuters) - Asia s bankers say they expect the hottest trend in global deal-making, IPOs for special-purpose acquisition vehicles (SPAC), to rocket in the region this year from small beginnings, fuelled by well-resourced investors including private equity firms.
Globally, SPACs raised $92 billion from IPOs in first-quarter 2021, according to Refinitiv data, already surpassing al of 2020. SPAC mergers - when the blank check firm uses IPO funds to merge with a target - amounted to $210 billion.
But Asia s representation in the global pie has been small so far - about 11 out of 2021 s 304 SPAC IPOs, and just $4.7 billion in SPAC mergers. Given the region s large pool of new-economy companies, bankers are now plugging it as a hot spot for merger targets.
FINE PRINT. China is sabotaging some international credit cooperation, but not in the way typically feared. An analysis of 100 of the country’s loans to poor countries over the last two decades by U.S. research outfit AidData undermines arguments that Beijing ensnares them.