Wednesday 1 August 2018

Brookfield has agreed to buy Forest City. Now what?

When talks with prospective suitors fell apart, Forest City Realty temporarily abandoned the idea of a sale. But just four months later, the real estate investment trust came back to the negotiation table with fewer business entanglements and a similar price. This time the pair cut a deal: On Tuesday, Brookfield Asset Management announced it would buy the REIT for $6.8 billion. The price per share — $25.35 — is slightly higher than the amount […]



source https://therealdeal.com/2018/08/01/brookfield-has-agreed-to-buy-forest-city-now-what/

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