By Richard Hook2018-08-01T16:02:00
Brookfield Asset Management has agreed a deal to buy US real estate investment trust Forest City Realty Trust for $11.4bn (£8.7bn) through one of its real estate investment funds.
The fund will buy all of Forest City’s shares for $25.35 each in a deal which, including debt, values the REIT at $11.4bn at a 26.6% premium to Forest City’s share price before market speculation of a deal began in June.
You must be logged in to continue
Register for free to finish this article.
Sign up now for the following benefits:
To access this article REGISTER NOW
Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.
Registered users and subscribers SIGN IN here to continue
Site powered by Webvision Cloud