Deals
Brookfield Property Increases Brookfield Office Buyout Offer
This article is for subscribers only.
Brookfield Property Partners LP increased the cash portion of its offer to acquire Brookfield Office Properties Inc. by $1 a share after discussions with the independent committee evaluating the bid.
Brookfield Office shareholders can choose to receive either one limited partnership unit of Brookfield Property or $20.34 in cash, Brookfield Property said in a statement today. The board of New York-based Brookfield Office intends to recommend that shareholders accept the revised offer, according to the statement.