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Brookfield Corporation ( (TSE:BN) ) has shared an announcement.
Brookfield Asset Management has finalized a transaction to enhance its corporate structure and expand shareholder ownership by acquiring approximately 73% of its asset management business shares from Brookfield Corporation in exchange for newly issued Class A Limited Voting Shares. This move is expected to facilitate the stock’s inclusion in major U.S. market indices, potentially broadening the shareholder base and increasing liquidity, thereby reinforcing its market positioning.
More about Brookfield Corporation
Brookfield Asset Management Ltd. is a leading global alternative asset manager based in New York, managing over $1 trillion in assets across sectors such as renewable power, infrastructure, private equity, real estate, and credit. The company focuses on long-term investments in real assets and essential service businesses, offering a variety of alternative investment products to a global clientele including public and private pension plans, sovereign wealth funds, and private wealth investors.
YTD Price Performance: 3.08%
Average Trading Volume: 2,095,482
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $90.19B
See more data about BN stock on TipRanks’ Stock Analysis page.
