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The Latest Breaking News from Brookfield

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

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

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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

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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

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…

Benzinga

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’

The Guardian - AU

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.

AAP

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

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The Guardian - AU

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.

ABC News

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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.

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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’

ABC News

Mike Cannon-Brookes and Brookfield face multiple regulatory hurdles in AGL bid

The consortium being led by billionaire Mike Cannon-Brookes will face multiple regulatory hurdles to take over energy producer and retailer AGL, even if it can get the target company to agree to a deal.

The Guardian - AU

Why is a tech billionaire trying to buy Australia’s dirtiest energy company AGL?

Mike Cannon-Brookes believes backing renewable energy over old coal power plants will keep electricity prices down, create jobs and slash emissions – is he right?

The Independent UK

Australian electricity generator AGL rejects $5.8B offer

Australia's largest electricity generator, AGL Energy, has rejected a takeover bid from Australian tech billionaire Mike Cannon-Brookes and Canadian investment firm Brookfield

ABC News

'Australia should have the lowest-priced energy in the world' says Atlassian co-founder after AGL rejects $8b takeover bid

Billionaire co-founder of software company Atlassian, Mike Cannon-Brookes, says he will continue to work with the board of energy giant AGL to pursue a takeover that would help Australia have the "lowest-priced energy in the world".

The Guardian - AU

AGL rejects takeover bid by Mike Cannon-Brookes and Canadian fund manager Brookfield

Bid led by Atlassian founder to buy Australia’s biggest polluter and shut its coal plants earlier than planned rejected as not in shareholders’ best interests

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