Brookfield to take property arm private in $6.5bn deal ...Qatar

Brookfield Asset Management Inc said it reached a $6.5bn agreement to acquire the shares of Brookfield Property Partners LP it doesn’t already own, boosting its offer to take private its real estate arm. The Canadian alternative-asset manager said on Thursday it plans to acquire the minority stake for $18.17 per unit. That would mark a 10% increase to the $16.50 a unit Brookfield Asset offered in January, and a 26% premium over where the shares traded prior to that earlier proposal. Brookfield Property’s board has unanimously approved the deal, according to the statement by the companies. Brookfield Property dropped 0.8% to $17.66 on Thursday in New York. Brookfield Property Partners owns,

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