Brookfield offers to take real estate arm private in $5.9B deal
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Canada’s Brookfield Asset Management Inc said on Monday it had offered to take its commercial real estate arm Brookfield Property Partners LP private in a $5.9 billion deal.
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Brookfield Asset Management said it would offer $16.50 for each Brookfield Property shares it does not already own, a premium of 14% to Thursday’s close.
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Shares of Brookfield Property Partners, which operates everything from offices, retail malls and logistics properties around the world, rose 15% in premarket trading.