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The Latest Breaking News from Brookfield

State lotteries increasingly cede control to huge firms

In three states, the day-to-day management of state lotteries comes from multinational corporations, which reap millions of dollars in profits from state-approved gambling

The Independent UK

Investment Giant Brookfield Snaps Up Minority Stake In Australia's AGL Energy

AGL Energy Limited (OTC:AGLNF) confirmed that it had become aware that the Canadian investment firm Brookfield Asset Management (NYSE:BAM) subsidiary bought 17.2 million shares in the Australian energy major, representing 2.56%. AGL said it became aware of the transaction, which occurred late last week, through routine registry analysis responses and acknowledged that the information…

Benzinga

This landmark Coconut Grove hotel reopens soon after $50 million makeover. Take a look

A Coconut Grove institution is reopening this summer: The Mayfair Hotel will welcome guests again in August, following a $50 million remodel.

Miami Herald

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Nontraded REITs Growing By Record Rates - Projected To Raise $45 Billion In 2022

Ukraine, rising interest rates, plummeting markets and rampant inflation. These are few of the main topics that the mainstream media is always covering. With everything going on in the world, more investors are deciding to invest in alternative investments like nontraded real estate investment trusts (REITs).

Benzinga

HomeServe’s recent share price drift makes its buyer look opportunistic

The UK firm is likely to trade higher and its fundamentals look sound, suggesting this is a takeover that doesn’t need to happen

The Guardian - UK

Brookfield Buys UK's HomeServe For £4.1B

Brookfield Asset Management Inc (TSX:BAM) (NYSE:BAM) disclosed a recommended cash offer for British home repair services provider HomeServe plc (OTC:HMSVF) for £4.08 billion (~$5 billion). HomeServe shareholders will receive 1,200 pence in cash for each share held. The offer price represents a 71% premium to the closing price per HomeServe share of 704 pence…

Benzinga

Brookfield Asset Management Nears One Of 2022's Biggest Take-Privates In UK: Bloomberg

Brookfield Asset Management Inc (NYSE:BAM) is nearing a takeover of UK-based emergency household repairs provider HomeServe Plc, reported Bloomberg. According to people familiar with the matter, the deal would be one of the U.K.’s largest take-private transactions this year. The deal is set to value HomeServe plc (OTC:HMSVF) at about $5 billion. Brookfield is working…

Benzinga

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Michael Hiltzik: It's time to kill this useless and costly desalination project

When it comes to wasteful, overpriced and ill-considered proposals to address California's water supply issues, it's hard to know where to start.

Los Angeles Times

Clearway Energy vs. Brookfield Renewable: Which Stock is a Better Investment?

In this article I will analyze and compare Clearway Energy (CWEN) and Brookfield Renewable (BEPC) to determine which renewable energy stock is currently a better investment.

StockNews.com

Why CDK Global Shares Are Soaring Today

Brookfield Business Partners, together with institutional partners, agreed to acquire CDK Global Inc (NASDAQ:CDK) for a total enterprise value of $8.3 billion. Brookfield will initiate a tender offer to acquire all of the outstanding shares of CDK. CDK shareholders will receive $54.87 per share in cash, implying a 30% premium to the February…

Benzinga

Owner of Chicago's Water Tower Place walking away from troubled Mag Mile mall

The owner of Water Tower Place, long a desirable retail destination on Chicago's Magnificent Mile, is walking away from the troubled mall.

Chicago Tribune

Water Tower Place owner gives up the property

Lender MetLife will take over the iconic mall along the Magnificent Mile, which has been beset by vacancies during the pandemic.

Chicago Sun-Times

Nielsen to go private in deal valuing TV-ratings company at $16 billion

Nielsen Holdings Plc has agreed to be acquired by a consortium including Evergreen Coast Capital Corp., an affiliate of Elliott Investment Management, and Brookfield Asset Management Inc.

Tribune News Service

Why Nielsen Holdings Shares Are Trading Higher

Nielsen Holdings PLC (NYSE: NLSN) is trading significantly higher Tuesday after the company announced it will be acquired by a private equity consortium led by Evergreen Coast Capital and Brookfield Business Partners for $28 per share.

Benzinga

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news in one place.

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Benzinga

Vodafone Receives Takeover Bids For Vantage Towers: Reuters

Global infrastructure funds approached Vodafone Group PLC (NASDAQ:VOD) to invest in its $16 billion mast company Vantage Towers AG (OTC: VTAGY), Reuters reports. The bidders, including investment firms Brookfield and Global Infrastructure Partners, submitted proposals valuing Vantage Towers at a premium to its current valuation of €15 billion ($16.57 billion). Also Read: This French Carrier Offers To…

The Guardian - AU

AGL Energy chief executive uncertain if takeover bid is really over

Mike Cannon-Brookes tweeted on Sunday that Grok Ventures and Brookfield were ‘putting our pens down’

AAP

Aussie billionaire pulls plug on AGL buy

AGL has rejected a sweetened takeover bid, putting an end to tech billionaire Mike Cannon-Brookes' dreams of an early exit for coal from the electricity grid.

The Guardian - AU

PM says further assistance coming as ‘rain bomb’ set to cost Queensland billions – as it happened

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ABC News

AGL rejects second takeover bid, with Mike Cannon-Brookes and Brookfield set to walk away

Tech billionaire Mike Cannon-Brookes and his Canadian partners are set to abandon their takeover bid for the energy giant after the electricity company rejected a second $9 billion offer.

The Guardian - AU

AGL rejects higher bid from Mike Cannon-Brookes and Brookfield, potentially ending takeover push

Bidders expected to walk away after offer of $8.25 a share rejected by board of Australia’s largest energy company

The Conversation

AGL said no to a $5 billion bid, but it isn't over – here's how takeover bids work

Australian companies are being taken over like never before. On Saturday February 19 a consortium involving tech billionaire Mike Cannon-Brookes and Canadian asset manager Brookfield offered A$5 billion to buy AGL Energy.

The New Daily

Alan Kohler: What the takeover bid for AGL is all about

Michael Cannon-Brookes has dug an AGL-sized pit in front of Scott Morrison, which the PM seems quite happy to step into over energy transition.

AAP

Wire and poles problem for AGL bid: ACCC

Billionaire Mike Cannon-Brookes still wants to buy AGL Energy, but the competition watchdog is worried about the consortium holding wires, poles and generators.

The Guardian - AU

Scott Morrison speaks to Ukraine PM; 60 Covid deaths reported – as it happened

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The Guardian - AU

AGL open to higher takeover bid but says Cannon-Brookes plan to close coal by 2030 is unrealistic

Chief operating officer says consortium needs to offer at least 30% premium on share price and ‘engage once more or two times more’

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