Brookfield to buy U.S. shopping mall owner Rouse in $2.9 billion all-cash deal

Shopping mall owner Rouse Properties Inc. has applied for an agreement to become bought by a joint venture partner of Brookfield Asset Management Inc. within an all-cash deal worth $2.8 billion, including debt.

Brookfield will acquire all the outstanding shares of Rouse’s common stock at $18.25 per share, New York-based Rouse said in a statement today.

The purchase price represents a premium of about 35 per cent a lot more than Rouse’s closing stock price on Jan. 15, the final trading day prior to Brookfield’s announcement of a proposal to get Rouse, the organization said.

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Bloomberg.com