Brookfield Asset Management Asset Management Business Spinoff

Follow us on Google News:
 Brookfield Asset Management Asset Management Business Spinoff
Image source: ©2022 Kalkine Media®

Dec 2 (Reuters) - Brookfield Asset Management Reinsurance Partners Ltd:


* BROOKFIELD ASSET MANAGEMENT INC ASSET MANAGEMENT BUSINESS SPINOFF

* BROOKFIELD ASSET MANAGEMENT AND BROOKFIELD ASSET MANAGEMENT REINSURANCE PARTNERS CL A EXCHANGEABLE WILL SPINOFF ITS ASSET MANAGEMENT BUSINESS

* COS WILL SPINOFF ASSET MANAGEMENT BUSINESS TO SHAREHOLDERS AT A RATIO OF 1 SHARE OF SPINCO FOR EVERY 4 CLASS A SHARES

* IMMEDIATELY POST SPINOFF, BROOKFIELD ASSET MANAGEMENT WILL BE RENAMED AS BROOKFIELD CORPORATION AND TRADE UNDER NEW TICKER SYMBOL BN

* SHARES ARE EXPECTED TO COMMENCE TRADING DECEMBER 12, 2022

* SPINCO WILL ASSUME TICKER BAM AND NAME BROOKFIELD ASSET MANAGEMENT

* SPDJI WILL TREAT THIS AS A ZERO PRICE SPINOFF Source text for Eikon: Further company coverage:

Disclaimer

The above content is directly sourced from Reuters under a contractual arrangement. The content is being provided as a convenience and for informational purposes only; and does not constitute an endorsement or approval by Kalkine Media of any of the products, services, or opinions of the organization or individual. The user is apprised that Kalkine Media bears no responsibility for the accuracy, legality, or content of Reuters, any external sites, or for that of subsequent links. The user is requested to contact Reuters directly for answers to questions regarding the content. Please note that Kalkine Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Featured Articles

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK