Brookfield Property boosts Brookfield Office offer

|About: Brookfield Property Part... (BPY)|By:, SA News Editor

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.

The BPO board recommends accepting the boosted offer.

Press release

BPO +1.4% to $19.61 premarket. BPY closed yesterday at $20.14.