Shopping mall owner Rouse Properties Inc. has entered into a contract to be bought by a joint venture partner of Brookfield Asset Management Inc. in an all-cash deal valued at $2.8 billion, including debt.
Brookfield will acquire all of the outstanding shares of Rouse’s common stock at $18.25 per share, New York-based Rouse said in a statement today.
The purchase price represents a premium of approximately 35 percent more than Rouse’s closing stock price on Jan. 15, the final trading day just before Brookfield’s announcement of the proposal to get Rouse, the organization said.
Related
- Chinese investors snag Vancouver’s biggest property prize: All towers from the Bentall CentreCalgary’s soon-to-be tallest tower could be less than perfect on tenants
-
-
-
Bloomberg.com
