Brookfield Agrees to Acquire Forest City in $6.8 Billion Deal

Bloomberg | 7.31.2018

The Toronto-based alternative asset manager said in a statement Tuesday it will acquire Forest City for $25.35 a share in cash, a 10 percent premium over where shares closed Monday and about 26 percent above where they were trading the day before Bloomberg reported that the pair had restarted talks. The deal is valued at $11.4 billion including debt, according to the statement.

Read Full Article