Brookfield Residential Properties (BRP) and Brookfield Homes (BHS) Complete Merger
Brookfield Residential Properties (NYSE: BRP) and Brookfield Homes (NYSE: BHS) announced the completion of the transactions contemplated by the Agreement and Plan of Merger and Contribution dated as of October 4, 2010. The completion of the transactions results in the combination of Brookfield Homes and the North American residential land and housing division of Brookfield Properties Corporation into Brookfield Residential.
Each outstanding share of Brookfield Homes common stock was converted into 0.764900530 of a share of Brookfield Residential common shares, and each outstanding share of Brookfield Homes 8% convertible preferred stock was converted into one share of Brookfield Residential 8% convertible preferred shares.
Brookfield Residential has applied to list its common shares on the New York Stock Exchange and the Toronto Stock Exchange, under the symbol "BRP" and will commence trading on April 1, 2011 on both exchanges.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
Each outstanding share of Brookfield Homes common stock was converted into 0.764900530 of a share of Brookfield Residential common shares, and each outstanding share of Brookfield Homes 8% convertible preferred stock was converted into one share of Brookfield Residential 8% convertible preferred shares.
Brookfield Residential has applied to list its common shares on the New York Stock Exchange and the Toronto Stock Exchange, under the symbol "BRP" and will commence trading on April 1, 2011 on both exchanges.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
You May Also Be Interested In
- UPDATE: SAP's (SAP) America Unit to Buy Ariba (ARBA) for $45/Share
- Rhoen-Klinkum to recommend Fresenius (FMS) takeover offer -Bloomberg
- Facebook (FB) Could Boost Revs with This Potential Acquisition...
Create E-mail Alert Related Categories
Mergers and AcquisitionsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
