Rouse Properties, Inc.NYSE
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  • Thu, Feb. 25, 7:48 AM
    • Rouse Properties (NYSE:RSE) agrees to sell itself to Brookfield Asset Management (NYSE:BAM) for $18.25 per share in cash, a transaction value of about $2.8B. Rouse closed last night at $17.75.
    • BAM one month ago initially offered $17 per share for RSE.
    • Brookfield Property Partners (NYSE:BPY) is already an owner of about one-third of Rouse.
    | Thu, Feb. 25, 7:48 AM
  • Thu, Jan. 28, 4:23 PM
    • Brookfield Asset Management (NYSE:BAM) - through a number of entities - already owns about 34% of General Growth Properties (NYSE:GGP), and is in talks with a number of potential partners about taking the $24B mall operator private, according to Reuters.
    • Brookfield, of course, just made a $17 per share offer for Rouse Properties (NYSE:RSE) which was spun off from General Growth in 2012.
    • GGP +1.7% after hours
    | Thu, Jan. 28, 4:23 PM | 2 Comments
  • Tue, Jan. 19, 10:55 AM
    • In addition, Brookfield (BAM +0.5%) and Rouse Properties (RSE +29.7%) have entered into a standstill agreement expiring March 4 under which Brookfield or any entities controlled by it won't accumulate any more shares in Rouse.
    • Brookfield Property Partners (BPY -0.4%) already owns about one-third of the company.
    • Rouse is currently trading hands at $17.52 vs. Brookfield's $17 cash offer.
    • Previously: Rouse Properties soars after Brookfield Asset bids for the company (Jan. 19)
    | Tue, Jan. 19, 10:55 AM
  • Tue, Jan. 19, 8:05 AM
    • On behalf of a fund it manages, Brookfield Asset Management (NYSE:BAM) has offered $17 per share in cash for Rouse Properties (NYSE:RSE). Brookfield Property Partners (NYSE:BPY) is also an owner of Rouse shares and plans on retaining that stake.
    • Brookfield made the proposal to the Rouse board on Friday and is awaiting word.
    • Rouse +26.1% to $17 premarket, but still well below its 52-week high of $20.05.
    | Tue, Jan. 19, 8:05 AM | 2 Comments