Brookfield to Take Property Arm Private in $6.5 Billion Deal
Brookfield to Take Property Arm Private in $6.5 Billion Deal Bloomberg 17 mins ago Scott Deveau (Bloomberg) -- Brookfield Asset Management Inc. said it reached a $6.5 billion agreement to acquire the shares of Brookfield Property Partners LP it doesn’t already own, taking a fresh attempt at privatizing its real estate arm private. The Canadian alternative-asset manager said Thursday it plans to acquire the minority stake for $18.17 per unit. That would mark a 10% increase to the $16.50 a unit Brookfield Asset offered in January, and a 26% premium over where the shares trad...
Source: msn.com