Brookfield Asset Management (BAM) Reaches Agreement with Brookfield Property Partners (BPY) to Acquire 100% of BPY Units

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Go back to Brookfield Asset Management (BAM) Reaches Agreement with Brookfield Property Partners (BPY) to Acquire 100% of BPY Units

Brookfield Asset Management Reaches Agreement with Brookfield Property Partners to Acquire 100% of BPY Units

April 1, 2021 6:50 AM EDT

---Aggregate consideration payable to the public of $6.5 billion---Unitholders can elect for each BPY unit $18.17 in cash, 0.3979 of a Brookfield Class A Share or 0.7268 of a BPY preferred unit, subject to pro-ration, for an aggregate consideration mix of approximately 50% cash, 42% Brookfield Class A Shares and 8% BPY preferred units---BPYs Independent Directors Unanimously Approve Transaction

All dollar references are in U.S. dollars, unless noted otherwise.

BROOKFIELD NEWS, April 01, 2021 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. (Brookfield) (NYSE: BAM; TSX:... More