Brookfield Asset Management Inc.
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AP sources: Simon weighs new General Growth bid
Mar 17, 2010 07:01 EDT
AP sources: Simon Property weighs higher buyout offer for rival mall operator General Growth. Simon Property Group Inc. is considering raising its $10 billion buyout offer for rival shopping mall owner General Growth Properties Inc. as early as this week, two people familiar with the matter said Tuesday.
Simon weighs sweeter General Growth bid: sources
Mar 16, 2010 23:16 EDT
NEW YORK (Reuters) - Simon Property Group Inc <SPG.N> is weighing a higher bid for General Growth Properties Inc <GGP.N> after the No. 2 U.S. mall owner came up with a rival plan to emerge from bankruptcy as a standalone company, two sources familiar with the matter said on Tuesday.
Simon CEO: No pressure from rival Gen Growth plan
Mar 11, 2010 13:21 EST
NEW YORK (Reuters) - The chief executive of Simon Property Group Inc <SPG.N> said on Thursday a revised plan by management of General Growth Properties Inc <GGP.N> to emerge from bankruptcy would not put pressure on his company to sweeten its own $10 billion offer.
General Growth gets offer of $3.93B investment
Mar 08, 2010 23:10 EST
General Growth says Fairholme and Pershing Square offer $3.93 billion investment. Two major investors in General Growth Properties are joining Brookfield Asset Management in offering to inject a combined $6.5 billion in fresh funds into the shopping mall operator to help it emerge from bankruptcy protection.
Fairholme, Pershing to up General Growth investment
Mar 08, 2010 20:38 EST
NEW YORK (Reuters) - Fairholme Capital Management and Pershing Square, two key investors in General Growth Properties Inc <GGP.N>, are teaming up to invest another $3.93 billion in the mall operator to help it emerge from bankruptcy, according to a person familiar with the matter.
Bankruptcy court gives General Growth more time
Mar 03, 2010 21:44 EST
Mall owner General Growth gets 4 more months to sort out bankruptcy exit, potential sale. Shopping mall operator General Growth Properties Inc. will have four more months to sort out its exit from Chapter 11 bankruptcy and weigh buyout offers.
General Growth opens its books to suitors
Mar 03, 2010 15:33 EST
NEW YORK (Reuters) - Bankrupt General Growth Properties Inc said on Wednesday it had opened its books to Simon Property Group and others, even as it sought court approval for more time for the exclusive right to file an exit plan.
Judge could tip General Growth's future
Mar 02, 2010 17:20 EST
NEW YORK (Reuters) - The top two U.S. mall owners will square off before a judge on Wednesday to shape the outcome of the largest U.S. real estate bankruptcy ever.
General Growth creditors, Simon attack Ackman
Mar 02, 2010 14:55 EST
NEW YORK (Reuters) - General Growth Properties Inc's <GGWPQ.PK> unsecured creditors and suitor Simon Property Group <SPG.N> on Tuesday criticized William Ackman's role in the mall owner's restructuring plan, alleging conflicts of interest given his position as a director and largest shareholder.
Simon says General Growth has not shared any data
Mar 02, 2010 13:10 EST
NEW YORK (Reuters) - The head of Simon Property Group Inc <SPG.N> said on Tuesday that despite signing an agreement, it has yet to receive any information from bankrupt General Growth Properties Inc <GGWPQ.PK>, the smaller rival that Simon is trying to buy.
General Growth Properties to relist shares on NYSE
Mar 02, 2010 10:47 EST
General Growth Properties applies to relist shares on New York Stock Exchange. General Growth Properties Inc., which last year filed the largest U.S. real estate bankruptcy case in history, said Tuesday that it applied to relist its shares on the New York Stock Exchange.
General Growth Properties to relist shares on NYSE
Mar 02, 2010 08:51 EST
General Growth Properties applies to relist shares on New York Stock Exchange. General Growth Properties Inc., which last year filed the largest U.S. real estate bankruptcy case in history, said Tuesday that it applied to relist its shares on the New York Stock Exchange.
General Growth inks deal to exit bankruptcy
Feb 24, 2010 20:46 EST
General Growth inks deal with Brookfield Asset Management in bid to exit bankruptcy. The nation's second-largest shopping mall operator, General Growth Properties Inc., said Wednesday it reached a deal with Canada's Brookfield Asset Management Inc. that will speed its exit from Chapter 11 bankruptcy protection.
WSJ: Brookfield ready to bid for General Growth
Feb 23, 2010 16:30 EST
WSJ: Brookfield preparing bid for mall operator General Growth, in effort to top rival. Canadian property manager Brookfield Asset Management Inc. is preparing to bid for a large slice of General Growth Properties Inc. It's an effort to block rival Simon Property Group Inc. from acquiring the giant shopping mall operator, a newspaper reported.
Brookfield eyeing bid for General Growth stake: report
Feb 22, 2010 22:03 EST
NEW YORK (Reuters) - Canada's Brookfield Asset Management Inc <BAMa.TO> is preparing to bid for a large stake in No. 2 U.S. mall owner General Growth Properties Inc <GGWPQ.PK>, aiming to outbid Simon Property Group Inc <SPG.N>, the Wall Street Journal reported on Monday.
Simon Property offers General Growth $10B buyout
Feb 16, 2010 21:14 EST
Mall owner Simon Property makes $10B offer to buy General Growth out of bankruptcy. Simon Property Group Inc., the nation's largest shopping mall owner, made a $10 billion hostile bid Tuesday to acquire ailing rival General Growth Properties.
Simon Property offers $10 billion for General Growth
Feb 16, 2010 16:49 EST
NEW YORK (Reuters) - Simon Property Group Inc <SPG.N> sought to pluck General Growth Properties <GGWPQ.PK> out of bankruptcy on Tuesday, offering to pay $7 billion to creditors and nearly $3 billion to shareholders in a deal that would combine the two largest U.S. shopping mall owners.
General Growth net loss narrows in November
Dec 31, 2009 10:33 EST
NEW YORK (Reuters) - Bankrupt shopping mall owner General Growth Properties Inc <GGWPQ.PK>, which is seeking to surface from bankruptcy protection next year, posted a narrower net loss in November from the month before, according to a monthly regulatory filing.
Earnings roundup: Berkshire Hathaway, Rosetta
Nov 06, 2009 17:56 EST
Earnings roundup: Berkshire Hathaway 3Q profit triples, Rosetta Resources swings to 3Q profit. Among the earnings stories for Friday, Nov. 6, from AP Financial News:
Brookfield Asset Management sets 13-cent dividend
Nov 06, 2009 16:17 EST
Brookfield Asset Management declares dividend of 13 cents, payable Feb. 28. Brookfield Asset Management on Friday said its board declared a dividend of 13 cents.
Facts from the Wikipedia page:
| Type | Public (NYSE: BAM) (TSX: BAM.A) |
|---|---|
| Founded | 1899 |
| Headquarters | |
| Area served | Worldwide |
| Key people | Robert J. Harding (Chairman of the Board) J. Bruce Flatt (CEO) |
| Industry | Asset Management |
| Services | Financial services |
| Revenue | ▲ $ 12.868 billion (2008) |
| Operating income | ▼ $ 181.00 million (2008) |
| Net income | ▼ $ 462.00 million (2008) |
| AUM | ▲ $ 95.000 billion (2008) |
| Total assets | ▼ $ 53.611 billion (2008) |
| Total equity | ▼ $ 5.788 billion (2008) |
| Employees | 50,000 (2008)[1] |
| Website | Brookfield.com |