Associated Estates Realty CorporationNYSE
Associated Estates - Fairly Valued, Forget The Noise
Apr. 22, 2015, 9:24 AM
- Embattled Associated Estates (NYSE:AEC) agrees to a sale to a property fund managed by Brookfield Asset Management (NYSE:BAM) for $28.75 per share in cash.
- The deal is expected to close in H2.
- Shares +16.8% premarket to $28.60.
- Previously: Associated Estates nominates another independent director (March 9)
- Previously: Under activist pressure, Associated Estates names new board member (Feb. 19)
- Previously: Associated Estates reports as strategic review moves ahead (Feb. 3)