Announced
Financials
Tags
Single Bidder
Majority
Public
Domestic
Acquisition
Private Equity
property
United States
Private Equity
Pending
Friendly
Privatisation
Synopsis
Brookfield Asset Management with institutional partners offered to acquire the remaining 40% stake in Brookfield Property, a global commercial real estate firm, for $6.5bn. Upon completion of the deal, Brookfield Property would go private. “The offer presents an excellent opportunity for BPY unitholders to either monetize their units in cash at a premium to recent trading prices, continue to invest with us in the upside of the portfolio via Brookfield shares, or select BPY preferred units designed for income-oriented investors who would like to maintain similar dividend income which they receive from BPY today in a preferred instrument, based on what is best for them," Nick Goodman, Brookfield Asset Management CFO.
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