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Tag Archives: Asset

Canadian Natural Resources Ltd asset sale seen as mostly positive

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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

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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

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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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