Arizona’s Abortion Law Repeal Comes as Independents Trust Biden More on Issue
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It’s independents, a growing voting bloc, who drive election victories in the swing state, where the GOP is rushing to defuse abortion as an issue.
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Feb 25, 2022
Bloomberg News
,(Bloomberg) -- A fund managed by Brookfield Asset Management Inc. has offered 47.50 euros a share to buy Befimmo SA, Belgium’s largest real estate investment trust.
The offer, which is backed by the company’s management and board of directors, values the company at about 1.3 billion euros ($1.5 billion).
RE Invest Belgium SA, an entity controlled by one of Brookfield’s real estate private funds, has secured the baking of shareholders with a 15.2% stake in the company, according to a statement Friday. The bid represents a 29.3% premium Befimmo’s share price over the past year but a 21% discount to its net assets at the end of 2021.
“We believe this transaction represents the best path forward for our company to benefit from the strategic partnership of one of the world’s most experienced real estate investors as we navigate the evolving environment for office real estate,’ said Jean-Philip Vroninks, chief executive officer of Befimmo.
Any deal will be subject to Brookfield securing more than half of shareholders’ votes, as well as regulatory approval. Closing of the takeover is expected in the third quarter, according to Brookfield.
©2022 Bloomberg L.P.