The Online Investor
Real Estate M&A image Real Estate M&A » By The Online Investor Staff, updated Sat., Sep. 19, 10:39 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. has three segments: Core Office, which consists of interests in office properties located in New York, Los Angeles, Washington, D.C., United States, London, United Kingdom, Sydney, Australia, Toronto, Canada and Berlin, Germany, as well as active office and multifamily developments; Core Retail, which consists of retail properties located throughout the United States; and LP Investments, which has interests in real estate sectors worldwide including office, retail, multifamily, logistics, hospitality, triple net lease, self-storage, and student housing.

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. has three segments: Core Office, which consists of interests in office properties located in New York, Los Angeles, Washington, D.C., United States, London, United Kingdom, Sydney, Australia, Toronto, Canada and Berlin, Germany, as well as active office and multifamily developments; Core Retail, which consists of retail properties located throughout the United States; and LP Investments, which has interests in real estate sectors worldwide including office, retail, multifamily, logistics, hospitality, triple net lease, self-storage, and student housing.

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: 
$20.34M
Total Market Capitalization: 
$3.06B
% of Market Cap. Held by ETFs: 
0.67%
Company Name: 
Brookfield Office Properties Inc
Website: 
www.brookfieldofficeproperties.com
Sector: 
Real Estate
 

Quotes delayed 20 minutes


Real Estate M&A - Slide 3 of 91 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2020, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.