07 03 2016

Brookfield Asset Management signed a definitive agreement to acquire Rouse Properties for $2.8 billion

Weil is advising Brookfield Asset Management Inc. in its definitive agreement to acquire Rouse Properties, Inc. As part of the deal, Brookfield will acquire all of the outstanding shares of Rouse’s common stock, other than those shares currently held by Brookfield Property Partners L.P. and its affiliates, in a transaction valued at approximately $2.8 billion.


The purchase price represents a premium of approximately 35% over Rouse’s closing stock price on January 15, 2016, the last trading day prior to Brookfield’s announcement of a proposal to acquire Rouse, and an increase of $1.25 per share from the $17.00 price originally proposed by Brookfield on January 16, 2016.
The transaction is expected to close in the third quarter of 2016 and is subject to customary closing conditions. BofA Merrill Lynch is acting as financial advisor and Sidley Austin LLP is acting as legal counsel to the Special Committee of Rouse Properties, Inc. Weil is advising Brookfield Asset Management Inc. on the transaction with a team led by Corporate Chairman Michael Aiello (picture), assisted by M&A partner Matthew Gilroy; Banking & Finance partner Danek Freeman; Technology & IP Transactions partner Charan Sandhu; Environmental head Annemargaret Connolly; Tax partner Mark Schwed; Executive Compensation & Benefits head Paul Wessel; Environmental counsel Thomas Goslin; Corporate associates Mariel Cruz, Jakob Deitch and Kimberly Thibault; Banking & Finance associate Peter Thomas Puk; Technology & IP Transactions associate Claudia Hoeben; Tax associate Ryan Roberts; and Executive Compensation & Benefits associates Paula Han and Madeline Lewis. Involved fees earner: Michael Aiello - Weil; Matthew Gilroy - Weil; Jakob Deitch - Weil; Kimberly Thibault - Weil; Mariel Cruz - Weil; Danek Freeman - Weil; Peter Puk - Weil; Charan Sandhu - Weil; Claudia Hoeben - Weil; Annemargaret Connolly - Weil; Thomas Goslin - Weil; Mark Schwed - Weil; Ryan Roberts - Weil; Paul Wessel - Weil; Paula Han - Weil; Madeline Lewis - Weil;

LATEST ISSUE
Powered by Share Trading

POPULAR ARTICLES
LE FONTI AWARDS 2018 CELEBRATES CORPORATE EXCELLENCES IN HONG KONG

29/03/2018

On March 23rd 2018, the world’s leading corporate stars reunited for a special

LE FONTI AWARDS 2017 CELEBRATES CORPORATE EXCELLENCES IN DUBAI

14/12/2017

On December 14th, 2017, the world’s leading corporate stars reunited for a spec

LE FONTI AWARDS 2017 CELEBRATE CORPORATE EXCELLENCES IN LONDON

23/10/2017

On October 20th, 2017, the world’s leading corporate stars reunited for a speci

Le Fonti IAIR Awards Take Hong Kong By Storm

21/03/2017

Hong Kong has become a city of bright expansion, culture, and futuristic innovation. Fr

Will Brexit break London's place as FinTech Capital?

17/11/2016

Fintech, it’s described as the disruption in financial services pushed by consume