Brookfield Offers To Acquire Rouse Properties For $17/share - Quick Facts

(RTTNews) - Canadian property owner Brookfield Asset Management Inc. (BAM, BAM-A.TO), on behalf of a real estate fund managed by Brookfield, said the fund has made a proposal to acquire the common shares of Rouse Properties, Inc. (RSE) for $17.00 in cash per share.

"Our offer provides an attractive opportunity for Rouse shareholders to realize a significant premium to recent public market pricing," said Brian Kingston, CEO of Brookfield Property Group.

As part of the transaction, Brookfield Property Partners L.P. (BPY_UN.TO, BPY) would retain the Rouse shares that it currently owns. Rouse Properties owns and manages regional malls in the United States.

The proposed price represents a 26 percent premium to the closing price of Rouse shares on January 15, 2016.