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Brookfield Is in Talks to Buy Forest City Realty

  • Real estate investment trust valued at about $6.4 billion
  • Forest City said in September it was exploring alternatives
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Brookfield Asset Management is said to be in talks to buy Forest City Realty. Bloomberg’s Ed Hammond reports.(Source: Bloomberg)
Updated on

Brookfield Asset Management Inc., Canada’s largest alternative-asset manager, is in talks to acquire Forest City Realty Trust Inc., people familiar with the matter said.

Negotiations between Toronto-based Brookfield and Forest City are ongoing and could still fall apart, said the people, who asked not to be identified because the matter is private. Other bidders may also emerge for the company, they said.