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Tag Archives: Asset

Canadian Natural Resources Ltd asset sale seen as mostly positive


Canadian Natural Resources Ltd. rarely sells assets, so the deal to hand over most of its royalty lands to PrairieSky Royalty Ltd. in exchange for $1.8 billion in cash and stock marks somewhat of a strategic departure. Canadian Natural also doesn’t appear to have ever held a material stake in …

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Brookfield Asset Management Inc files for US$525M spinoff of private equity arm


Brookfield Asset Management Inc., Canada’s biggest alternative asset manager, plans to pay a special dividend of about US$525 million from the spin out of its private equity arm, according to a regulatory filing, more than originally planned. Toronto-based Brookfield intends to issue 21 million limited partnership units in  Brookfield Business Partners …

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Brookfield Asset Management Inc makes US$657M offer for U.S. shopping-mall owner Rouse Properties Inc


Brookfield Asset Management Inc., Canada’s largest alternative asset manager, made an unsolicited offer to acquire U.S. shopping-mall owner Rouse Properties Inc. for about US$657 million. Brookfield, which already owns about a third of Rouse, said it would pay US$17 a share for the remainder in an all-cash transaction, according to …

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