Real Estate

Brookfield Property Partners Agrees To $6.5B Sale

by cpexecutive.com posted 5months ago 82 views
The company is moving closer to going private three months after a non-binding, $5.9 billion offer. : Brookfield Property Partners’ board has agreed to a deal with Brookfield Asset Management Inc. in which Brookfield will acquire 100 percent of BPY’s limited partnership units for a total consideration of $6.5 billion. The announcement comes roughly three months after BPY, one of Brookfield’s four affiliates, received a non-binding purchase proposal for $5.9 billion. Brookfield’s enhanced offer amounts to $18.17 per BPY unit.