Brookfield Asset Management to acquire Thakral Holdings Group - MarketLine Financial Deals

Brookfield Asset Management to acquire Thakral Holdings Group

Brookfield Asset Management to acquire Thakral Holdings Group - MarketLine Financial Deals
Brookfield Asset Management to acquire Thakral Holdings Group
Published Apr 19, 2012
3 pages — Published Apr 19, 2012
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Brief Excerpt:

...Brookfield Asset Management, Inc., a Canada-based asset management firm, through its affiliate BidCo 1 Pty., Ltd., has made a conditional off-market all-cash offer to acquire all the issued stapled securities in Thakral Holdings Group, an Australia-based diversified property group, at a price of AUD0.70 ($0.72) per fully paid stapled security. The transaction is valued at approximately AUD410 million ($425.62 million). The offer price represents a premium of 30.8% over Thakral Holdings stock closing price on April 18, 2012. Brookfield Financial is acting as financial advisor while Clayton Utz is acting as legal advisor to Brookfield Asset Management for the transaction. Target Thakral Holdings Group Acquirer 1 Brookfield Asset Management, Inc. Acquirer 2 BidCo 1 Pty., Ltd. Deal status Announced Deal value (estimated) ($m) 425.62 Deal category Acquisition Deal sub-category 100% acquisition Date of announcement Apr 19, 2012...

  
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Document ID
MA106819_120423
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Ticker
THG=AU
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MLA:
MarketLine Financial Deals. "Brookfield Asset Management to acquire Thakral Holdings Group" Apr 19, 2012. Alacra Store. Dec 10, 2016. <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/Brookfield-Asset-Management-to-acquire-Thakral-Holdings-Group-2052-80520>
  
APA:
MarketLine Financial Deals. (2012). Brookfield Asset Management to acquire Thakral Holdings Group Apr 19, 2012. New York, NY: Alacra Store. Retrieved Dec 10, 2016 from <http://www.alacrastore.com/storecontent/MarketLine-Financial-Deals/Brookfield-Asset-Management-to-acquire-Thakral-Holdings-Group-2052-80520>
  
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