Brookfield Asset to buy Associated Estates Realty for $2.5 billion
Reuters
Published Apr 22, 2015 09:34AM ET
Updated Apr 22, 2015 09:52AM ET
Brookfield Asset to buy Associated Estates Realty for $2.5 billion
(Reuters) - Brookfield Asset Management Inc (TO:BAMa) said it had agreed to buy Associated Estates Realty Corp (N:AEC) for about $2.5 billion in cash, including debt.
Brookfield Asset Management's offer of $28.75 per share is at a premium of 17.4 percent to Associated Estates' closing price on the New York Stock Exchange on Tuesday.
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Written By: Reuters
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