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Acquisitions

Brookfield has agreed to acquire Forest City Realty Trust

Deal price is around $6.8 billion

Brookfield Executive Team (Credit: The Globe and Mail)

Boon for shareholders: The deal was struck at $25.35 a share in cash. This represents a 26 percent premium from where Forest City shares were trading before it was reported that the companies had restarted talks.

Creating leverage: The deal comes just four months after Forest City said it would be better off remaining a standalone company. 

Heard on the Street: Evercore ISI: “This deal is a positive for Brookfield as they’re buying Forest City at an attractive price… Forest City’s development assets may provide an embedded upside for Brookfield.”

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