BAM-A.TO - Brookfield Asset Management Inc.

Toronto - Toronto Delayed Price. Currency in CAD
63.51
+0.57 (+0.91%)
At close: 3:59PM EDT
Stock chart is not supported by your current browser
Previous Close62.94
Open63.19
Bid63.46 x 0
Ask63.47 x 0
Day's Range62.94 - 63.74
52 Week Range49.87 - 65.06
Volume472,031
Avg. Volume913,709
Market Cap63.228B
Beta (3Y Monthly)1.14
PE Ratio (TTM)20.22
EPS (TTM)3.14
Earnings DateN/A
Forward Dividend & Yield0.84 (1.33%)
Ex-Dividend Date2019-05-30
1y Target Est52.00
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  • GlobeNewswire9 days ago

    Brookfield Asset Management 2019 Second Quarter Results Conference Call and Webcast

    Date:  Thursday, August 8, 2019   Time:  11:00 a.m. (Eastern Time) BROOKFIELD, NEWS, July 15, 2019 -- Brookfield Asset Management (NYSE:BAM)(TSX:BAM.A)(EURONEXT.

  • Brookfield Plans Offer for Majority Stake in Suzlon
    Bloomberg14 days ago

    Brookfield Plans Offer for Majority Stake in Suzlon

    (Bloomberg) -- Brookfield Asset Management Inc. is planning an offer for a majority stake in India’s debt-laden Suzlon Energy Ltd., according to people familiar with the matter.The Toronto-based investment firm is working with a financial adviser for due diligence on Suzlon, the people said, asking not to be identified as the details are private. Brookfield proposes to start with buying new shares issued by the company, followed by purchasing stocks from the existing holders under an open offer, the people said.As part of the proposed deal, the Canadian company is in discussions with Suzlon’s creditors to restructure the outstanding bank loans of more than 110 billion rupees ($1.6 billion), under a so-called one-time settlement plan, the people said. Brookfield is demanding that the lenders led by State Bank of India take a haircut of as much as 50% on the loans, they said.Suzlon is in talks with several investors and Brookfield’s proposal is among the various options available, one of the people said. A binding offer from Brookfield could come as soon as the end of this month, another person said.Shares of Suzlon rose as much as 5.3% in Wednesday afternoon trading. The stock has fallen 36% in the past year.A deal like Brookfield’s could be critical for Suzlon and its lenders as the firm’s ratings on its long-term bank facilities were downgraded at Care Ratings Ltd. to D from BB in April. Suzlon has convertible bonds worth $172 million coming due on July 16, data compiled by Bloomberg shows.Deliberations are ongoing, details of Brookfield’s proposal might change and the investment firm can decide against an offer at the end, the people said. A representative for Brookfield declined to comment. Representatives for Suzlon and SBI didn’t immediately respond to requests seeking comments.(Adds Suzlon’s shares price in fifth paragraph.)\--With assistance from P R Sanjai.To contact the reporters on this story: Suvashree Ghosh in Mumbai at sghosh186@bloomberg.net;Baiju Kalesh in Mumbai at bkalesh@bloomberg.netTo contact the editors responsible for this story: Fion Li at fli59@bloomberg.net, Anto AntonyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

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  • Reuters20 days ago

    UPDATE 2-Australia's Aveo reveals Canada's Brookfield as bidder

    Australia's Aveo Group revealed on Thursday it had received a takeover offer from Canada's Brookfield Asset Management Inc for the A$1.2 billion ($844.4 million) retirement-home operator, ending weeks of speculation. The Sydney-based firm last month said a "preferred party" had made a confidential, non-binding and conditional indicative takeover proposal. The buy would give Brookfield a large slice of Australia's aged-care industry, which has seen its valuations slide to attractive levels in the wake of a public inquiry into mistreatment and abuse of residents in aged-care facilities.

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    A national homebuilder is expected to acquire a chunk of the National Conference Center campus in Leesburg, where it plans to build dozens of age-restricted townhomes. Brookfield Washington LLC, an affiliate of Brookfield Residential, is under contract to buy the National Conference Center’s 20-acre east landbay, which the Loudoun County Board of Supervisors previously entitled for 74 age-restricted townhomes. The contract was noted in a recent letter from Colleen Gillis, a partner with Cooley LLP, to county planners.

  • Brookfield Infrastructure Partners Makes a Big Bet to Broaden Its Rail Business
    Motley Fool23 days ago

    Brookfield Infrastructure Partners Makes a Big Bet to Broaden Its Rail Business

    The global infrastructure giant will add Genesee & Wyoming to its portfolio of railroad operators.

  • Reuters23 days ago

    Brookfield, GIC to buy Genesee & Wyoming for about $6.4 billion

    Brookfield and GIC's offer of $112 per share represents a premium of 12 percent to Genesee's closing price on Friday. Genesee shares were up about 8 percent in trading before the bell. Genesee & Wyoming's revenue have increased at a compound annual growth rate of 16.8% since it floated in the stock market in 1996, rising to $2.3 billion in 2018 from $77.8 million, according to Genesee & Wyoming's latest annual report.

  • Brookfield Buys Rail Operator Genesee for $8.4 Billion
    Bloomberg23 days ago

    Brookfield Buys Rail Operator Genesee for $8.4 Billion

    (Bloomberg) -- An affiliate of Brookfield Asset Management Inc. agreed to buy Genesee & Wyoming Inc. for about $6.3 billion, expanding its global portfolio of rail companies with a 120-line network spanning North America, Europe and Australia.Brookfield will pay $112 a share in cash, a 40% premium from G&W’s close on March 8, the last day of trading before Bloomberg News reported that the railroad operator was exploring a possible sale. The stock rose 8.5% to $108.46, an all-time high, at 9:54 a.m. Monday in New York.The deal is valued at $8.4 billion including debt, the companies said in a statement.Singapore sovereign wealth fund GIC Pte will join Brookfield and other partners in a consortium to manage the rail lines that come with 3,000 customers and a resilient cash flow. Activist investor Blue Harbour Group LP also has built a 4% stake in G&W, which trades under the ticker symbol GRW.“The transaction announced today unlocks the significant shareholder value that GWR’s management team has built over many years, both through acquisitions and operational execution,” Blue Harbour managing director Robb A. LeMasters said in a statement. Blue Harbor began investing in G&W last year, when the stock traded at about $75 a share, he said.The railroad operator controls small connecting lines that don’t compete directly with the largest North American railroads, such as Union Pacific Corp., CSX Corp. and Canadian National Railway Co. It has operations in Australia, the U.K. and continental Europe, as well.G&W had climbed 35% this year through Friday, compared with a 17% gain for the Standard and Poor’s Midcap 400 Index. The stock is valued at 23 times estimated earnings, compared with the industry gauge, which is trading at 16.6 times.G&W got its start in the 19th century as a 14-mile rail spur built to serve a salt mine in upstate New York. After the U.S. railroad industry was deregulated in 1980s, the company began snapping up short lines across the country and expanded into Australia in the late 1990s. G&W now owns or leases 120 freight railroads worldwide and has 8,000 employees.G&W gets about 85% of its operating income from its North American operations, which control an unlinked collection of lines that often connect customers to major railroads’ larger network. The company had $2.35 billion of sales in 2018, a 30-fold increase from when it first sold shares to the public in 1996.“This is a rare opportunity to acquire a large-scale transport infrastructure business in North America,” said Sam Pollock, chief executive of Brookfield Infrastructure. “G&W will be a significant addition to our global rail platform and will expand our presence in this sector to four continents.”The transaction is expected to close by early 2020. Credit Suisse Group AG, Wells Fargo & Co., Citigroup Inc. and RBC Capital Markets are providing $3.15 billion of financing. (Updates stock action in second paragraph. A previous version of this story corrected a reference to the deal’s premium.)\--With assistance from Scott Deveau.To contact the reporters on this story: Ma Jie in Tokyo at jma124@bloomberg.net;Thomas Black in Dallas at tblack@bloomberg.netTo contact the editors responsible for this story: Young-Sam Cho at ycho2@bloomberg.net, Susan WarrenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • TheStreet.com23 days ago

    Brookfield Infrastructure to Acquire Genesee & Wyoming in $8.4 Billion Deal

    Shares of the Darien, Conn.-based company surged nearly 9% to $108.79 at the open after Brookfield infrastructure has agreed to pay $112 a share in cash for the railway and freight operator. The remainder of the business will be owned by Brookfield Infrastructure's institutional partners and GIC. Genesee & Wyoming's decision to sell itself comes in the wake of its recent wave of acquisitions of short-line railroads, which has made investing in the maintenance of its expanding network more costly.

  • Reuters23 days ago

    UPDATE 2-Brookfield, GIC to buy Genesee & Wyoming for about $6.4 bln

    Canada's Brookfield Asset Management Inc and Singaporean sovereign wealth fund GIC on Monday agreed to buy U.S. freight railroad owner Genesee & Wyoming Inc for about $6.4 billion in cash. Brookfield and GIC's offer of $112 per share represents a premium of 12% to Genesee's closing price on Friday. Genesee & Wyoming's revenue have increased at a compound annual growth rate of 16.8% since it floated in the stock market in 1996, rising to $2.3 billion in 2018 from $77.8 million, according to Genesee & Wyoming's latest annual report.

  • Reuters24 days ago

    Brookfield clinches $9 bln deal to buy Genesee & Wyoming -sources

    Investment firm Brookfield Asset Management Inc has agreed to acquire U.S. freight railroad owner and operator Genesee & Wyoming Inc for close to $9 billion, including debt, people familiar with the matter said on Sunday. Genesee & Wyoming's decision to sell itself comes after its string of acquisitions of short-line railroads made investing in the maintenance of its expanding network more expensive, amid weakness in some of its core North American markets for the transport of steam coal and agricultural products. Some buyout firms such as Brookfield specialize in helping companies they buy bankroll further acquisitions to consolidate their sectors.

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  • Hedge Funds Have Never Been This Bullish On Brookfield Asset Management Inc. (BAM)
    Insider Monkeylast month

    Hedge Funds Have Never Been This Bullish On Brookfield Asset Management Inc. (BAM)

    Insider Monkey finished processing more than 738 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions as of March 31st, 2019. What do these smart investors think about Brookfield Asset Management Inc. (NYSE:BAM)? Brookfield Asset Management Inc. (NYSE:BAM) has seen an increase in support from the world's most […]

  • Reuterslast month

    UPDATE 3-Brazil's Odebrecht files for bankruptcy protection after years of graft probes

    Brazilian conglomerate Odebrecht SA filed on Monday for bankruptcy protection, aiming to restructure 51 billion reais ($13 billion) of debt in what would be one of Latin America's largest-ever in-court debt restructurings. The bankruptcy filing comes after years of struggles for Odebrecht, the biggest of the Brazilian engineering groups caught in a sweeping political corruption investigation that has rippled across Latin America. Shares in Braskem are pledged as collateral to the creditors.

  • GlobeNewswirelast month

    Brookfield Asset Management Announces Results of Annual and Special Meeting of Shareholders

    BROOKFIELD, NEWS, June 17, 2019 -- Brookfield Asset Management Inc. (TSX: BAM.A, NYSE: BAM, Euronext: BAMA) today announced that at the company’s annual and special meeting of.