Brookfield Buys UK's HomeServe For £4.1B

  • Brookfield Asset Management Inc BAM BAM disclosed a recommended cash offer for British home repair services provider HomeServe plc HMSVF for £4.08 billion (~$5 billion).
  • HomeServe shareholders will receive 1,200 pence in cash for each share held.
  • The offer price represents a 71% premium to the closing price per HomeServe share of 704 pence on March 23, 2022, the last business day before the offer period.
  • Brookfield is a global alternative asset manager with approximately $725 billion of assets under management across real estate, infrastructure, renewable power, private equity, and credit.
  • Brookfield held cash and equivalents of $11.82 billion as of March 31, 2022.
  • Price Action: BAM shares are trading higher by 0.46% at $46.10 on NYSE during the premarket session on Thursday.
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Posted In: M&ANewsBriefsCanada
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