Seeking Alpha

Brookfield Property boosts Brookfield Office offer

  • Brookfield Property Partners (BPY) bumps the cash portion of its offer for Brookfield Office Properties (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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