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Brookfield Property boosts Brookfield Office offer

Dec. 20, 2013 8:57 AM ETBrookfield Property Partners L.P. (BPY) StockBPO, BPYBy: Stephen Alpher, SA News Editor
  • Brookfield Property Partners (NYSE:BPY) bumps the cash portion of its offer for Brookfield Office Properties (NYSE:BPO) by $1 to $20.34 per share.
  • Brookfield Office shareholders can elect to receive either cash or one share of BPY for each share of BPO they own.
  • Press release
  • The BPO board recommends accepting the boosted offer.
  • Press release
  • BPO +1.4% to $19.61 premarket. BPY closed yesterday at $20.14.

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