Brookfield Asset Management to buy back up to 10% of float

|About: Brookfield Asset Managem... (BAM)|By:, SA News Editor

Brookfield Asset Management (BAM +0.3%) receives approval from the Toronto Stock Exchange to buy back up to 53.5M shares or 10% of its outstanding shares over the next year. Stock may also be purchased on the NYSE.

Over the past year, the company repurchased about 5.1M shares at an average price of $36.15 each.