Brookfield offers to take its real estate arm private: Reuters

Brookfield Asset Management has offered to take its commercial real estate arm Brookfield Property Partners LP private in a US$5.9 billion deal, reported Reuters.

Brookfield Asset Management has offered to take its commercial real estate arm Brookfield Property Partners LP private in a US$5.9 billion deal, reported Reuters. The Canadian alternative asset manager said it would offer US$16.50 for each share it does not already own. Shares of Brookfield Property Partners, which operates everything from offices, retail malls and logistics properties around the world, rose 15 percent in premarket trading.

Source: Reuters