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Brookfield withdraws proposal.


Brookfield Properties Brookfield Properties Corporation TSX: BPO NYSE: BPO is a Toronto-based North American commercial real estate company. Brookfield Asset Management owns 50% of its outstanding common shares.  Corporation announced that it has withdrawn its proposal to enter into a Going Private Transaction with BPO BPO Business Process Outsourcing
BPO Benevolent & Protective Order (of Elks of the USA)
BPO Benzoyl Peroxide
BPO Business Process Optimization
BPO Broker Price Opinions
BPO Buffalo Philharmonic Orchestra
 Properties Ltd. previously announced on April 28, 2003. In withdrawing withdrawing Child psychiatry Behavior characterized by ↓ interest in or contact with other people; WBs include ↓ speech, regression to babyhood, exhibition of many fears, depression, refusing contact with other people  the offer, Brookfield Brookfield.

1 Village (1990 pop. 18,876), Cook co., NE Ill., a residential suburb of Chicago; inc. 1893. The noted Chicago Zoological Park (Brookfield Zoo) is there.

2 City (1990 pop. 35,184), Waukesha co., SE Wis.
 stated that in light of the lack of support from enough minority shareholders, it did not wish to proceed with the transaction.

As a result, BPO Properties announced that, in order to provide liquidity for those shareholders who wished to tender to the offer, it will resume purchasing its own shares under its Normal Course Issuer Bid if shares are available at acceptable prices.
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Title Annotation:Brookfield Properties Corporation will not enter Going Private Transaction with BPO Properties Ltd.
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Jun 25, 2003
Words:96
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