|Bid||42.69 x 900|
|Ask||44.99 x 1200|
|Day's Range||43.55 - 43.97|
|52 Week Range||37.22 - 45.04|
|Beta (3Y Monthly)||0.97|
|PE Ratio (TTM)||16.57|
|Forward Dividend & Yield||0.60 (1.39%)|
|1y Target Est||52.61|
CLEVELAND, Nov. 15, 2018 /PRNewswire/ -- Forest City Realty Trust, Inc. ("Forest City") (FCE-A) today announced that its stockholders approved the acquisition of Forest City by a real estate investment fund of Brookfield Asset Management Inc. ("Brookfield") (BAM) (BAM-A.TO) (BAMA.NX) at its special meeting of stockholders held today, pursuant to the merger agreement dated July 30, 2018. With the approval by Forest City stockholders, Forest City expects that the acquisition will be completed in December on or prior to December 10, 2018, subject to the satisfaction or waiver of the remaining closing conditions. Forest City does not expect to declare or make any pre-closing dividends or distributions.
Its marquee developments have included the Barclays Center arena in Brooklyn, The New York Times headquarters in Times Square and mixed-use projects in Boston, Baltimore and Arlington. More than 80 per cent of the ballots cast by shareholders were in favour of the deal, compared to 16 per cent that were cast against the sale, according to a filing with securities regulators. The fight for Forest City was a bitter one that pitted family members against activist shareholders who had pushed for the company’s sale.
share class that ensured the Ratner family’s control in 2017, and reshuffling its board this year. Two months after the board overhaul, the family failed in its attempt to block the Brookfield deal when directors voted 7 to 5 — a rare split decision, since boards usually unite in such matters — to approve the sale. This week, all Forest City shareholders will have their final say on the transaction.
The raised bid, which includes an option for shareholders to retain an equity stake in an unlisted Healthscope, comes after a consortium led by private-equity firm BGH Capital in late October returned with an offer similar to one made by the financial group months earlier that was rejected as too low. Healthscope on Monday said it wouldn’t allow the BGH consortium to conduct due diligence for its lower offer, effectively backing pension-fund manager AustralianSuper into a corner. One of the biggest shareholders in Healthscope, AustralianSuper is part of the bidding consortium and has committed itself to the offer until next year.
Moody's America Latina Ltda., ("Moody's") has assigned a Ba2 global scale and Aa3.br national scale debt ratings to Companhia de Saneamento do Tocantins - Saneatins ("Saneatins" or "the company")'s third debentures issuance due 2022. The senior secured debentures were issued in two tranches of BRL50 million and BRL140 million respectively, both maturing in July 2022. The debentures are backed by a corporate guarantee from Saneatins' controlling parent company BRK Ambiental Participaçoes S.A ("BRK Ambiental") and are secured by concession rights associated with all the concessions that Saneatins operate.
Johnson Controls International PLC has hit a last-minute snag in its quest to sell its automotive-battery business, according to people familiar with the matter. The company was nearing a deal to sell the unit to Brookfield Asset Management Inc. for close to $14 billion, the people said. Some analysts expected a deal with the private-equity firm to be announced ahead of Johnson Controls’ fiscal fourth-quarter earnings report Thursday morning.
The Toronto-based company said it had profit of 11 cents per share. The asset management company posted revenue of $14.86 billion in the period. Brookfield Asset Management shares have dropped almost 5 ...
Net Income of $941 million or $0.11 per share,FFO of $1.1 billion or $1.07 per share BROOKFIELD, Nov. 08, 2018 -- Brookfield Asset Management Inc. (NYSE: BAM, TSX: BAM.A,.
In July, Forest City (NYSE:FCE.A) announced that it had concluded a circuitous path to a sale transaction by agreeing to be purchased by a fund managed by Brookfield Asset Management for $25.35 per share. Previously, Forest City had undertaken a strategic review in its effort to maximize value for shareholders. In the context of the review, it became clear that Forest City had received multiple purchase offers and an acquisition of the company became widely anticipated.
Before and after legalization, the buzz surrounding Canadian stocks to buy that are associated with the cannabis industry has been electric. American investors, for probably the first time in the history of Canada, are hot after the next great Canadian stock to buy. Now, as more of the Canadian cannabis companies get listed on U.S. exchanges, financial advisors on both sides of the border could soon be exhibiting symptoms of FOMO (fear of missing out).
The simple answer is yes, but it's how you'll get there that's important with Brookfield Infrastructure Partners.
After starting off as a great year, the market has turned pretty bad on these solar stocks. Here's why we think it's time to give them a closer look.
LISNR, the world’s most advanced ultrasonic data platform and Equinox Payments (“Equinox”), a leading provider of payment terminals, applications and support services, today announced a partnership to meet the increased demand for ultrasonic data solutions that enhance the payment and customer engagement at the point of sale. Equinox gains first mover advantage as the exclusive terminal manufacturer to be using proprietary LISNR technology to facilitate seamless payment processing between smartphone apps and Luxe terminals equipped with microphones. Add to that a real need for secure authenticated payments using encrypted payment data and you have a tall order.
NEW YORK,, Oct. 19, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
WILMINGTON, Del., Oct. 17, 2018 -- Rigrodsky & Long, P.A.: Do you own shares of Forest City Realty Trust, Inc. (NYSE: FCE-A)?Did you purchase any of your shares prior to.
Moody's Investors Service assigned a corporate family rating of B1 to Forest City Enterprises, L.P. and a senior secured rating of B2 to its proposed bank facility currently being marketed. Forest City's B1 corporate family rating reflects the REIT's strong franchise in operating high quality mixed-use projects in urban locations and a portfolio that is well diversified by geography, asset type and tenant.
Date: Thursday, November 8, 2018Time: 11:00 a.m. (Eastern Time) BROOKFIELD, NEWS, Oct. 12, 2018 -- Brookfield Asset Management (NYSE:BAM)(TSX:BAM.A)(EURONEXT.
Peel Group, which is the investment vehicle of the Whittaker family, Saudi Arabia's Olayan Group and property investor Brookfield said on Thursday they were weighing a cash offer for the London-listed shopping centre company. Peel and Olayan, the conglomerate founded by the Olayan family, together hold 29.9 percent of Intu, the consortium said.
A consortium including British billionaire John Whittaker and Canada's Brookfield Asset Management (BAMa.TO) is considering a bid for Intu Properties (INTUP.L), the 2 billion-pound shopping centre owner. Peel Group, which is the investment vehicle of the Whittaker family, Saudi Arabia's Olayan Group and property investor Brookfield said on Thursday they were weighing a cash offer for the London-listed company behind sites such as Manchester’s Trafford Centre. "The consortium's consideration of the possible offer is at a preliminary and exploratory stage and no approach has been made to the board of Intu," the group said in a statement.
A consortium including British billionaire John Whittaker and Canada's Brookfield Asset Management is considering a bid for Intu Properties , the 2 billion-pound ($2.6 billion) shopping centre owner. Peel Group, which is the investment vehicle of the Whittaker family, Saudi Arabia's Olayan Group and property investor Brookfield said on Thursday they were weighing a cash offer for the London-listed company behind sites such as Manchester’s Trafford Centre. "The consortium's consideration of the possible offer is at a preliminary and exploratory stage and no approach has been made to the board of Intu," the group said in a statement.
A consortium comprised of the real estate investment arm of Brookfield Asset Management Inc, British privately owned investment firm The Peel Group and Saudi conglomerate The Olayan Group is considering a possible cash offer for Intu Properties. The offer is for the issued share capital of Intu not already owned by members of the consortium, Brookfield Property said in a statement on Thursday. It added that the consortium's consideration of the possible offer is at an exploratory stage and no approach has been made to the board of Intu.
Stocks are mixed ahead of the midterm race. Yahoo Finance's Julie Hyman, Adam Shapiro, Andy Serwer and Brian Milligan of Ave Maria Growth Fund discuss.