Brookfield makes unsolicited offer to acquire Rouse Properties
Brookfield Asset Management has made a proposal to acquire the common shares of Rouse Properties Inc (NYSE: RSE), a real estate investment trust and shopping mall owner based in New York. The deal, which Rouse said was unsolicited, reflects an offer to shareholders of US$17 in cash per share, or about US$657 million in total, according to Bloomberg. As part of the deal, Brookfield Property Partners LP would retain the 33 percent interest in the company that it currently owns. Founded in 2012, Rouse holds a diversified portfolio that includes 35 malls and retail centres located across the United States, encompassing about 24.1 million square feet.
19 January 2016•2 mins read
