Brookfield, Illinois

Brookfield Infrastructure and Inter Pipeline Announce Subsequent Acquisition Transaction and Completion of Offer

Retrieved on: 
Saturday, September 4, 2021
S&P/TSX 60, Companies, Economy of Toronto, Economy of Canada, Brookfield Asset Management, Brookfield Infrastructure Partners, Inter Pipeline, Brookfield, Connecticut, S&P/TSX Composite Index, Brookfield, Wisconsin, Brookfield, Illinois, Brookfield, Massachusetts

BROOKFIELD, NEWS, Sept. 03, 2021 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), together with its institutional partners (collectively, “Brookfield Infrastructure”) and Inter Pipeline (TSX:IPL) are pleased to announce the expiry of the Offer. Since the initial expiry time of the Offer, Brookfield Infrastructure has taken-up an incremental 33,087,736 Inter Pipeline common shares tendered under the Offer during the mandatory extension period. Upon payment for such Inter Pipeline common shares, Brookfield Infrastructure will increase its ownership of Inter Pipeline to 76.4%.

Key Points: 
  • Brookfield Infrastructure and Inter Pipeline Ltd. (Inter Pipeline) are pleased to announce that they have entered into an arrangement agreement regarding a statutory plan of arrangement, under which Brookfield Infrastructure will acquire all remaining Inter Pipeline common shares (the Subsequent Acquisition Transaction)
    Brookfield Infrastructure also announces the expiry of its take-over bid dated February 22, 2021 (as amended, the Offer) to acquire all of the common shares of Inter Pipeline not owned by Brookfield Infrastructure
    Upon payment for the Inter Pipeline common shares tendered under the Offer, Brookfield Infrastructure will own 76.4% of Inter Pipelines common shares
    BROOKFIELD, NEWS, Sept. 03, 2021 (GLOBE NEWSWIRE) -- Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), together with its institutional partners (collectively, Brookfield Infrastructure) and Inter Pipeline (TSX:IPL) are pleased to announce the expiry of the Offer.
  • Upon payment for such Inter Pipeline common shares, Brookfield Infrastructure will increase its ownership of Inter Pipeline to 76.4%.
  • The Arrangement constitutes the Subsequent Acquisition Transaction contemplated in the Offer, by which Brookfield Infrastructure will acquire ownership of 100% of the Inter Pipeline common shares.
  • Following completion of the Subsequent Acquisition Transaction, Brookfield Infrastructure will seek to delist the Inter Pipeline common shares from trading on the Toronto Stock Exchange.

One Year After Fitwel® Introduced Viral Response Module, 100 Million SF of Commercial Real Estate Properties Have Achieved Certification

Retrieved on: 
Friday, July 23, 2021
Brookfield Asset Management, Brookfield Properties, Nuveen, Brookfield, Illinois, Brookfield, Connecticut, Barings LLC, Brookfield, Service companies, Real estate, Companies

NEW YORK, July 23, 2021 /PRNewswire/ -- One year after introducing the Viral Response Module (VRM), Fitwel® – the world's leading healthy building certification system – today announced that more than 100 million square feet of commercial real estate properties have achieved certification. This is a significant milestone that has the potential to positively impact the health of hundreds of thousands of building occupants, and demand for the VRM continues to grow. The VRM's innovative two-step process allows companies to adopt rigorous policies aligned with the best science available in order certify at the enterprise level, and then rapidly and cost-effectively implement at scale across individual assets. 

Key Points: 
  • NEW YORK, July 23, 2021 /PRNewswire/ --One year after introducing the Viral Response Module (VRM), Fitwel the world's leading healthy building certification system today announced that more than 100 million square feet of commercial real estate properties have achieved certification.
  • In the second quarter, Brookfield Properties, Nuveen Real Estate and Barings Real Estate represent some of the latest major real estate owners to certify enterprise-level operational policies.
  • The entirety of Brookfield Properties' core operating office portfolio in Washington D.C. received the accreditation.
  • The module also creates economies of scale, making it affordable to roll out an effective viral response across entire portfolios.

Brookfield Asset Management Announces Renewal of Normal Course Issuer Bid

Retrieved on: 
Thursday, May 20, 2021
Brookfield, Connecticut, Brookfield, Illinois, Brookfield, Geography of the United States, Cities in the United States

The period of the normal course issuer bid will extend from May 25, 2021 to May 24, 2022, or an earlier date should Brookfield complete its purchases.

Key Points: 
  • The period of the normal course issuer bid will extend from May 25, 2021 to May 24, 2022, or an earlier date should Brookfield complete its purchases.
  • The weighted average price that Brookfield paid per Class A Share acquired under this bid was US$38.59.
  • Brookfield is renewing its normal course issuer bid because it believes that, from time to time, the market price of its Class A Shares may not fully reflect the underlying value of its business and its future business prospects.
  • All Class A Shares acquired by Brookfield under this bid will be cancelled and/or purchased by a non-independent trustee pursuant to the terms of Brookfield\xe2\x80\x99s long-term incentive plans.\nBrookfield will enter into an automatic purchase plan on or about the week of June 21, 2021 in relation to the normal course issuer bid.

Early Warning Release

Retrieved on: 
Tuesday, March 30, 2021
Brookfield, Wisconsin, Brookfield, Connecticut, Brookfield, Illinois, Geography of the United States

Prior to giving effect to the Transactions, Brookfield held an aggregate of 18,371,252 West Fraser Shares (representing approximately 15.3% of the West Fraser Shares currently outstanding).

Key Points: 
  • Prior to giving effect to the Transactions, Brookfield held an aggregate of 18,371,252 West Fraser Shares (representing approximately 15.3% of the West Fraser Shares currently outstanding).
  • Following the Transactions, Brookfield held an aggregate of 9,913,974 West Fraser Shares, representing approximately 8.3% of the issued and outstanding West Fraser Shares, a decrease of approximately 7.0%.
  • This press release is being issued in accordance with the early warning reporting requirements prescribed by National Instrument 62-103.
  • An Early Warning Report with additional information in respect of the foregoing matters will be filed for Brookfield.

UNITE HERE: Brookfield Asset Management’s Offer to Buyout Brookfield Property Partners Is Less Than What Brookfield Has Said the Assets Are Worth

Retrieved on: 
Thursday, February 11, 2021
Commercial Building & Real Estate, Construction & Property, Lodging, Finance, Travel, Banking, Professional services, REIT, Companies, Brookfield Properties Retail Group, Brookfield Property Partners, Economy of New York City, New York City, BPY, Brookfield Asset Management, New York Stock Exchange, Brookfield, Illinois, Brookfield

UNITE HERE, the hospitality union, has released a report questioning the price of Brookfield Asset Managements [NYSE: BAM] offer to buy out public investors of Brookfield Property Partners [NASDAQ: BPY] at $16.50 per unit.

Key Points: 
  • UNITE HERE, the hospitality union, has released a report questioning the price of Brookfield Asset Managements [NYSE: BAM] offer to buy out public investors of Brookfield Property Partners [NASDAQ: BPY] at $16.50 per unit.
  • The report analyzes pre- and post-pandemic statements by BPY and BAM consistently arguing that BPY is undervalued in the public markets and concludes that those statements point to a price between $19.50-$21.00 per unit.
  • The report presents these and other Brookfield-related quotes and substantiation for the following key points.
  • BAM has amassed $75 billion of capital and dry powder to invest in distressed assets and the post-pandemic economy.

DuThermX Helps Get Students Safely Back in School

Retrieved on: 
Monday, February 1, 2021
Marketing, Chicago metropolitan area, Pleasantdale School District 107, Geography of Illinois, Burr Ridge, Illinois, Nazareth Academy, Interactive kiosk, Brookfield, Illinois, Pleasantdale, Cart, Argo Community High School, Brookfield

Several schools have been using a combination of the DuThermX Mobile Cart or DuThermX Kiosk Series.

Key Points: 
  • Several schools have been using a combination of the DuThermX Mobile Cart or DuThermX Kiosk Series.
  • Nazareth Academy, a college prep Catholic high school in La Grange Park, Illinois, now welcomes students at the door with the DuThermX Mobile Cart.
  • Elementary and middle school students in Pleasantdale Schools in La Grange and Burr Ridge, Illinois, Holy Family High School in Brookfield, Colorado, and Argo Community High School in Summit, Illinois, have been using the DuThermX Mobile Carts and Kiosks.
  • "The body temperature screenings with the DuThermX systems are ensuring accurate screenings very simply," said Dave Palzet, superintendent at Pleasantdale School District 107.

Brookfield Property REIT Inc. Announces Tax Reporting Information for 2020 Distributions on Shares of Brookfield Property REIT Inc.

Retrieved on: 
Tuesday, January 19, 2021
Brookfield Properties Retail Group, Brookfield Property Partners, Real estate, Companies, Real estate investment trust, Brookfield, Connecticut, Taxability, Brookfield, Illinois, Brookfield, Massachusetts, Brookfield Asset Management

Registered holders of Brookfield Property REIT Inc. should contact American Stock Transfer & Trust Company, LLC at (800) 937-5449 for further information while beneficial owners should contact their broker with any questions pertaining to their tax forms.

Key Points: 
  • Registered holders of Brookfield Property REIT Inc. should contact American Stock Transfer & Trust Company, LLC at (800) 937-5449 for further information while beneficial owners should contact their broker with any questions pertaining to their tax forms.
  • Taxability of the 2020 distributions is not necessarily indicative of future distributions.
  • Brookfield Property REIT Inc. (BPYU) is a subsidiary of Brookfield Property Partners L.P., (NASDAQ: BPY; TSX: BPY.UN) (BPY) one of the worlds premier real estate companies, with approximately $88 billion in total assets.
  • Brookfield Property Partners owns and operatesiconic properties in the worlds major markets, and our global portfolio includes office, retail, multifamily, logistics,hospitality, self-storage, triple net lease, manufactured housing and student housing.

Brookfield Office Properties Inc. Announces Renewal of Normal Course Issuer Bid for Preferred Shares

Retrieved on: 
Friday, January 15, 2021
Finance, Financial economics, Equity securities, Corporate finance, Brookfield Asset Management, Stock market, Financial markets, Brookfield Property Partners, Brookfield Properties, Preferred stock, Brookfield, Illinois, Brookfield, Connecticut

Brookfield is renewing its normal course issuer bid because it believes that, from time to time, the market price of its Preferred Shares may not fully reflect the underlying value of its current business and future prospects.

Key Points: 
  • Brookfield is renewing its normal course issuer bid because it believes that, from time to time, the market price of its Preferred Shares may not fully reflect the underlying value of its current business and future prospects.
  • Brookfield believes that, in such circumstances, the outstanding Preferred Shares represent an attractive investment for the company, since a portion of its excess cash generated on an annual basis can be invested for an attractive risk-adjusted return through the normal course issuer bid.
  • Outside of these periods, Preferred Shares will be repurchased in accordance with managements discretion and in compliance with applicable law.
  • Brookfield Office Properties Inc. is a subsidiary of Brookfield Property Partners L.P., one of the worlds premier real estate companies, with approximately $88 billion in total assets.

Brookfield Residential Expands Smart-Home Markets and Platforms

Retrieved on: 
Thursday, October 8, 2020
Brookfield Asset Management, Brookfield Residential, Brookfield, Connecticut, HomeKit, Brookfield, Illinois, Brookfield, Wisconsin, Brookfield station, Cities in the United States, Companies, Real estate

As part of Empower, Brookfield Residential was North America's first homebuilder to offer buyers on-site, self-guided, interactive tours on demand, at times most convenient for them.

Key Points: 
  • As part of Empower, Brookfield Residential was North America's first homebuilder to offer buyers on-site, self-guided, interactive tours on demand, at times most convenient for them.
  • Brookfield Residential is North America's first major homebuilder to seamlessly provide the choice of all three.
  • Regional Brookfield Residential offices in both U.S. and Canada report significant increases in year-over-year sales including buyers who work from home.
  • Brookfield Residential is the first nationwide homebuilder to be "device agnostic" that is, to offer customers a choice among the "big three" platforms: Google Home, Amazon Echo and Apple HomeKit.

The Brookfield Group Acquires ConsortHR - Further Builds Back-office Suite

Retrieved on: 
Thursday, July 23, 2020
Brookfield, Connecticut, Brookfield, Illinois, Brookfield, Massachusetts, Geography of the United States

CARMEL, Ind., July 23, 2020 The Brookfield Group, a full-service managed technology company, recently acquired ConsortHR, a tech-enabled company that focuses on providing managed HR support headquartered in Indiana.

Key Points: 
  • CARMEL, Ind., July 23, 2020 The Brookfield Group, a full-service managed technology company, recently acquired ConsortHR, a tech-enabled company that focuses on providing managed HR support headquartered in Indiana.
  • "The Brookfield Group has a long history of identifying client needs and partnering with organizations that provide complementary and unifying services," says Fadi Abdallah, CEO of The Brookfield Group.
  • The Brookfield Group, is known for its customer service and personal approach to business relationships.
  • The Brookfield Group is a full-service managed technology company dedicated to providing innovative solutions and support to businesses.