Fox Business Flash top headlines for January 4<\/h2>\n

Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com.\n<\/p>\n

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.<\/p>\n

Continue Reading Below<\/p>\n

Stocks in this Article<\/h2>\n

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.<\/p>\n

CLICK HERE TO READ MORE ON FOX BUSINESS<\/strong><\/p>\n

Shares of Brookfield Property Partners, which operates everything from offices, retail malls and logistics properties around the world, rose 15% in premarket trading.<\/p>\n

<\/picture>\n

(iStock)<\/span><\/p>\n

“The privatization will allow us to have greater flexibility in operating the portfolio and realizing the intrinsic value of BPY’s high-quality assets,” Brookfield Asset Management Chief Financial Officer Nick Goodman said in a statement.<\/p>\n

GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/strong><\/p>\n

The deal is subject to Brookfield Property board’s approval.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Fox Business Flash top headlines for January 4 Fox Business Flash top headlines are here. Check out what’s clicking on FoxBusiness.com. Canada’s Brookfield Asset Management […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\n