Deals
Brookfield Cancels Agreement for Kerzner’s Atlantis Resort
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Brookfield Asset Management canceled its agreement to exchange debt to acquire Kerzner International Holdings Ltd.’s Atlantis resorts in the Bahamas.
“Two hedge funds got a temporary restraining order on Friday and, as a result of that, we have terminated the offer to acquire,” Andrew Willis, a Brookfield spokesman, said today in a telephone interview. The funds are Trilogy Portfolio Co. and Canyon Value Realization Fund LP. “We’re reviewing all options.”