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Canada,United States : BROOKFIELD proposes to acquire Rouse Properties for $17/share.

Canadian property owner Brookfield Asset Management Inc., on behalf of a real estate fund managed by Brookfield, stated that the fund has proposed to acquire the common shares of Rouse Properties, Inc. for $17.00 in cash per share.

Brian Kingston, CEO of Brookfield Property Group said, "Our offer provides an attractive opportunity for Rouse shareholders to realize a significant premium to recent public market pricing.

Brookfield Property Partners L.P. will be retaining the Rouse shares which it presently owns.

Rouse Properties owns as well as manages regional malls in the United States.

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Publication:Mena Report
Date:Jan 20, 2016
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