Wednesday, January 20, 2016

Brookfield makes $657 million play for Rouse Properties

Toronto-based Brookfield Asset Management Inc. has made an unsolicited bid to buy REIT Rouse Properties Inc. for about $657 million.

The proposed price represents a premium of 26 percent to the closing price of Rouse shares on January 15, 2016, and a 19 percent premium to the 30-day volume-weighted average trading price of Rouse shares. . . . more

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