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Slide #64. Brookfield Office Properties Inc. — MPG Office Trust, Inc.
Brookfield Office Properties Inc. (BPO)
MPG Office Trust, Inc.
Brookfield Office Properties Inc. (NYSE: BPO) (TSX: BPO) today announced that its affiliates have entered into a definitive merger agreement with MPG Office Trust, Inc. (NYSE: MPG) pursuant to which a newly formed fund ("DTLA Holdings") controlled by BPO will acquire MPG. DTLA Holdings will own both BPO's existing downtown Los Angeles office assets and all of the assets of MPG. The transaction is contingent upon several conditions, including the approval of MPG's common stockholders and receipt of certain consents from MPG's lenders.
Brookfield Properties is engaged in the ownership, development and management of commercial office properties in United States, Canada and Australia. Co.'s portfolio is comprised of interests in 110 properties located in New York, NY; Washington, DC; Houston, TX; Los Angeles, CA, Denver, CO; Toronto, Ontario; Calgary, Alberta; Ottawa, Ontario; Sydney, Melbourne; and Perth in Australia.
Open the BPO Page at The Online Investor »
Hold (2.00 out of 4)
(ranked lower than approx. 51% of all stocks covered)
Based on Zacks ABR data;
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