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Brookfield reaches deal for Brookfield Property Partners with sweetened offer

Brookfield Property Partners L P ; Brookfield Asset Management (BAM): Brookfield Asset Management Reaches Agreement with Brookfield Property Partners to Acquire 100% of BPY Units

Brookfield Property Partners L.P.; Brookfield Asset Management (BAM): Brookfield Asset Management Reaches Agreement with Brookfield Property Partners to Acquire 100% of BPY Units - Unitholders can elect for each BPY unit $18.17 in cash, 0.3979 of a Brookfield Class A Share or 0.7268 of a BPY preferred unit, subject to pro-ration, for an aggregate consideration mix of approximately 50% cash, 42% Brookfield Class A Shares and 8% BPY preferred units - All dollar references are in U.S. dollars, unless noted otherwise. BROOKFIELD NEWS, April 01, 2021 (GLOBE NEWSWIRE) Brookfield Asset Management Inc. ( Brookfield ) (NYSE: BAM; TSX: BAM.A) and Brookfield Property Partners L.P. ( BPY ) (NASDAQ: BPY; TSX: BPY.UN) announced today that they have reached agreement for Brookfield to acquire all of the limited partnership units of BPY ( BPY units ) at a value of $18.17 per BPY unit

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