Business News • MarketWire • Brookfield Residential and Brookfield Asset Management Enter Into Definitive Agreement for Going Private Transaction

Brookfield Residential and Brookfield Asset Management Enter Into Definitive Agreement for Going Private Transaction

Brookfield Residential and Brookfield Asset Management Enter Into Definitive Agreement for Going Private Transaction

CALGARY, ALBERTA and TORONTO, ONTARIO--(Marketwired - Dec. 23, 2014) - Brookfield Residential Properties Inc. (NYSE:BRP)(TSX:BRP) and Brookfield Asset Management Inc. (NYSE:BAM) (TSX:BAM.A) (EURONEXT:BAMA) today announced that they have entered into a definitive arrangement agreement pursuant to which Brookfield Asset Management will acquire the approximately 30.6% of common shares of Brookfield Residential not already owned by Brookfield Asset Management and its affiliates (about 35.9 million shares) by way of a court-approved plan of arrangement under Ontario law.

View More : http://www.marketwired.com/mw/release.do?id=1979388&sourceType=3

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