Search:
   

Monday, July 26, 2021

Equity Corporate Actions Alert #2021 - 151
(UPDATED: Merger Effective) Information Regarding the Merger of Brookfield Property Partners L.P. (BPY) and Brookfield Asset Management Inc. (NYSE: BAM)

Category:

  • Industry Announcement

Markets Impacted:

Contact Information:

Resources

At a special meeting held on July 16, 2021, unitholders of Brookfield Property Partners L.P. (BPY) approved the merger with Brookfield Asset Management Inc. (NYSE: BAM). The merger became effective today, July 26, 2021. The details are as follows:

Company/Issue: Brookfield Property Partners L.P. Common Unit
CUSIP#: G16249107
Symbol: BPY
Last Trading Date: July 26, 2021
Marketplace Effective Date for Suspension: July 27, 2021
Merger Consideration: Unit holders having not made an election will receive the default consideration of approximately $12.38 in cash, 0.0913 BAM shares and 0.0657 of a newly issued preferred units (BPYPM) for each share held.

Subsequent to the completion of the merger, the 6.25% Class A Preferred Limited Partnership Unit of Brookfield Property Partners is expected to list on the Nasdaq Stock Market The details are as follows:

Company Name/Issue: Brookfield Property Preferred Limited Partnership
Symbol: BPYPM
CUSIP Number: G1624R107
Anticipated Listing Date: July 27, 2021

Email Alert Subscriptions:
Nasdaq offers customers the ability to self select news delivery across various Nasdaq markets. Create and maintain a profile for updating alert preferences and contact information. Visit the enrollment form on the Nasdaq Trader website and sign up today! Please note that if you choose to unsubscribe from an email list, you may no longer receive potentially critical emails from the NASDAQ Stock Market regarding Nasdaq's trading and data products, regulatory issues or marketplace initiatives. To unsubscribe, also click on the enrollment form

Please follow Nasdaq on Facebook RSS and Twitter.

Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today's global capital markets. As the creator of the world's first electronic stock market, its technology powers more than 90 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to approximately 3,900 total listings with a market value of approximately $13 trillion. To learn more, visit: business.nasdaq.com.

View NASDAQTrader.com Mobile