Brookfield wants to buy mall-owner GGP for $14.8 billion


The combined company would own assets worth about $100 billion, Brookfield said, giving the asset manager access to more so-called class A retail spaces in urban centers. Shamrock Asset Management LLC expanded its ownership by buying 1,112 shares an increase of 4.1%.

Under the proposal, GGP investors could choose either cash or 0.9656 of a limited-partnership unit of Brookfield Property for each share, subject to proration that keeps the consideration of cash and units from each exceeding $7.4 billion.

ILLEGAL ACTIVITY NOTICE: "Brookfield Property Partners L.P. (BPY) Downgraded by Canaccord Genuity" was first posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. Bank of New York Mellon Corp now owns 44,995 shares of the utilities provider's stock valued at $1,841,000 after buying an additional 10,296 shares during the last quarter. Karpas Strategies LLC boosted its holdings in Brookfield Property Partners 9.5% in the 2nd quarter. Renaissance Technologies LLC now owns 445,398 shares of the financial services provider's stock valued at $9,924,000 after purchasing an additional 153,156 shares in the last quarter.

The move follows Brookfield going public early Monday. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & worldwide trademark and copyright legislation. The original version of this article can be viewed at

Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, energy and communications infrastructure businesses in North and South America, Europe and Asia Pacific. (NYSE BPY) traded up $0.36 during trading on Monday, hitting $23.68.

Brookfield Infrastructure Partners announced that its Board of Directors has initiated a share buyback plan on Tuesday, November 7th that allows the company to repurchase 13,820,000 shares. The firm has a market cap of $5,810.00, a PE ratio of 98.67 and a beta of 0.89. The company has a quick ratio of 0.07, a current ratio of 0.23 and a debt-to-equity ratio of 0.61. Brookfield Infrastructure Partners LP has a 12-month low of $30.76 and a 12-month high of $44.91. This represents a $1.74 annualized dividend and a dividend yield of 4.01%. The ex-dividend date is Wednesday, November 29th. Brookfield Renewable Partners L.P. was founded in 1999 and is based in Toronto, Canada. Stock buyback plans are generally an indication that the company's management believes its stock is undervalued.

Several research analysts recently issued reports on BIP shares. BidaskClub upgraded Brookfield Property Partners L.P. from a "sell" rating to a "hold" rating in a research note on Thursday, August 24th.

Scotiabank raised the price target on November 6 changing the forecast from $25.25 to $25.50 and issued a "Outperform" recommendation.

Brookfield Property Partners is the listed real estate company of Toronto-based Brookfield Asset Management, a leading global alternative asset manager with over $265 billion in assets under management. It is a leading owner, operator and investor in commercial real estate, with a diversified portfolio of office and retail assets, as well as interests in multifamily, triple net lease, industrial, hospitality, self-storage, student housing and manufactured housing assets.