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Stock Market & Financial Investment News

News Breaks
April 13, 2013
12:54 EDTBPO, BAMBrookfield Investments acquires stake in BPY spin-off
Brookfield Investments Corporation announced the acquisition of a 10.6% interest in Brookfield Property Partners, BPY, a newly created company to be spun-off from Brookfield Asset Management (BAM) on April 15. As consideration for the transaction, the company sold its 11% common share interest in Brookfield Office Properties (BPO), as well as the company's portfolio of preferred shares of Brookfield Office Properties. In addition, the company's 36% limited partnership interest in Brookfield Europe sold its interest in Canary Wharf Group, as well as certain other European assets, to BPY and received as consideration an indirect 8.9% economic interest in BPY's business. The result of transactions is that the company will now hold a 13.8% indirect interest in BPY's businesses. Upon its spin-off, BPY will be Brookfield's commercial property company and the primary entity through which Brookfield will carry on its commercial property operations. BPY is expected to begin trading on the NYSE and the TSX on April 15, under the symbols "BPY" and "BPY.UN" respectively.
News For BPO;BAM From The Last 14 Days
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October 24, 2014
13:57 EDTBAMBrookfield Residential downgraded to Market Perform at Wells Fargo
Wells Fargo downgraded Brookfield Residential (BRP) to Market Perform from Outperform citing the proposed acquisition by Brookfield Asset Management (BAM).
October 23, 2014
08:12 EDTBAMBrookfield Residential to review Brookfield proposal
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07:04 EDTBAMBrookfield proposes to acquire 30% of BRP not owned for $32.00 per share
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