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Real Estate M&A image Real Estate M&A » By The Online Investor Staff, updated Thu., Feb. 20, 5:10 AM Recent mergers and acquisitions in the Real Estate M&A category.

Slide #3. Brookfield Property Partners Remaining Common Shares of Brookfield Office Properties

Acquirer: Brookfield Property Partners (BPY)
Acquiree: Remaining Common Shares of Brookfield Office Properties (BPO)
Details: Brookfield Property Partners L.P. (NYSE: BPY) (TSX: BPY.UN) ("Brookfield Property Partners" or "BPY") and Brookfield Office Properties Inc. (NYSE: BPO) (TSX: BPO) ("BPO") are pleased to announce that they have entered into a definitive agreement that provides for the acquisition by way of a plan of arrangement (the "Arrangement") of the remaining common shares of BPO for consideration per BPO common share of either 1.0 limited partnership unit of BPY or $20.34 cash, subject to pro-ration. The Arrangement follows the successful offer (the "Offer") by Brookfield Property Partners and its indirect subsidiaries Brookfield Office Properties Exchange LP ("Exchange LP") and Brookfield Property Split Corp. ("BOP Split" and together with Brookfield Property Partners and Exchange LP, the "Purchasers") to acquire common shares of BPO that resulted in the Purchasers owning approximately 89% of the BPO common shares on a fully diluted basis.

Brookfield Property Partners owns, operates, and invests in commercial and other income producing property on a global basis. Co. is a globally-diversified owner and operator of properties that typically generate stable and sustainable cash flows over the long term. Through investments in Brookfield-sponsored real estate opportunity funds created to earn attractive returns, Co. has an interest in various opportunistic real estate sectors around the globe including industrial, multifamily, hospitality and triple net lease. Co.'s business is organized in three operating platforms: office, retail and other segments.

Preferred: BPYPP



Open the BPY Page at The Online Investor »

Brookfield Property Partners owns, operates, and invests in commercial and other income producing property on a global basis. Co. is a globally-diversified owner and operator of properties that typically generate stable and sustainable cash flows over the long term. Through investments in Brookfield-sponsored real estate opportunity funds created to earn attractive returns, Co. has an interest in various opportunistic real estate sectors around the globe including industrial, multifamily, hospitality and triple net lease. Co.'s business is organized in three operating platforms: office, retail and other segments.

Preferred: BPYPP



Open the BPO Page at The Online Investor »

Company Name: 
Brookfield Property Partners LP
Stock buyback: 
BPY buyback
Website: 
www.brookfieldpropertypartners.com
Sector: 
Real Estate
Number of ETFs Holding BPY: 
1
Total Market Value Held by ETFs: 
$23.95M
Total Market Capitalization: 
$4.78B
% of Market Cap. Held by ETFs: 
0.50%
Company Name: 
Brookfield Office Properties Inc
Website: 
www.brookfieldofficeproperties.com
Sector: 
Real Estate
 

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