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Tag Archives: Brookfield

Brookfield Renewable and Dundee show that pref shares may not be preferred


Read it and weep. In the past month, two TSX-listed issuers, Brookfield Renewable Energy Partners LP and Dundee Corp. have proposed plans that undermine the expectations — indeed, the rights — enjoyed by holders of preferred shares. Investors purchased the two lots of securities — specifically the Series 5 prefs …

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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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Brookfield Property plans shopping spree for deals in hard-hit oil capitals Calgary and Houston


Brookfield Property Partners LP is shopping for buildings in North American cities hardest hit by the oil slump, as pressure on the local economies creates discounts. Alberta is one place where Brookfield can find low prices on properties and energy-related businesses, chairman Ric Clark said in an interview in Dubai …

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Brookfield Property Partners LP plans US$1-billion office tower in Dubai finance centre


Brookfield Property Partners LP plans to start building the first commercial tower to be developed in Dubai’s financial district since the global credit crisis seven years ago. The New York-based company and Dubai’s sovereign wealth fund, Investment Corporation of Dubai, will split the cost of the 53-story tower in the …

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Brookfield, Starwood said to plan US$785-million German Interhotel sale


Brookfield Property Partners LP and Starwood Capital Group plan to sell German hotels valued at as much as 700 million euros (US$785 million), according to two people with knowledge of the matter. The owners have hired JLL and Eastdil Secured LLC to advise on the sale of the 10 hotels, …

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Brookfield to buy U.S. shopping mall owner Rouse in $2.9 billion all-cash deal


Shopping mall owner Rouse Properties Inc. has entered into an agreement to be bought by an affiliate of Brookfield Asset Management Inc. in an all-cash deal valued at $2.8 billion, including debt. Brookfield will acquire all of the outstanding shares of Rouse’s common stock at $18.25 per share, New York-based …

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