Brookfield Asset Management Inc will buy a 62 percent stake in Oaktree Capital G...
FILE PHOTO - People walk to Brookfield Place off Bay Street on the day of the annual general meeting for Brookfield Asset Management shareholders in Toronto, May 7, 2014. REUTERS/Mark Blinch
Oaktree shareholders can choose to get either $49 in cash or 1.0770 Class A shares of Brookfield for each share held. However, Brookfield said the total amount will be paid in 50 percent stock and rest in cash.“This transaction enables us to broaden our product offering to include one of the finest credit platforms in the world,” Brookfield Chief Executive Officer Bruce Flatt said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
South Africa's MTN to raise $1 billion from asset sales, profit surgesMTN Group plans to raise more than 15 billion rand ($1.05 billion) in asset sale...
Read more »
The road to Exxon's long-awaited stock buybacks is paved with billions in asset salesExxon Mobil halted stock buybacks three years ago. Its plan to sell $15 billion in assets would help the company restart the program, says CEO Darren Woods.
Read more »
Larry Fink — head of world’s largest asset manager — labeled Modern Monetary Theory ‘garbage’Larry Fink, the CEO of the world’s largest asset manager, doesn’t hold a very high opinion of a controversial economic theory that has steadily gained adherents since its emergence on the Wall Street landscape last fall.
Read more »
Dilanian: Some intel experts think Manafort was essentially a Russian asset'I've talked to people in the intelligence community who believe that Manafort was essentially a Russian asset, if not in name, in function because he was doing the bidding of Vladimir Putin.' — KenDilanianNBC
Read more »
Brexit clarity could spark a rare dual asset rally, strategist saysBritish Members of Parliament are set to vote on Tuesday whether to accept or reject Prime Minister Theresa May's revised Brexit deal, ahead of the U.K.'s scheduled March 29 departure from the EU.
Read more »
Data Really Is the New OilTech’s capital bills are outpacing even those of asset-heavy businesses like oil.
Read more »
EU agrees on new rules to counter investment 'greenwashing'The European Union agreed on Thursday on a new law that forces asset managers, i...
Read more »
Prices of prime properties around the world are fallingSwanky homes are now a global asset class
Read more »
A 257-year-old asset manager profited from Ariana Grande's hit single '7 rings,' and it's a business Wall Street's getting excited aboutMusic licensing has become a more popular target for private equity seeking dependable revenue.
Read more »