Brookfield Entered Exclusive Negotiations To Purchase 53.32% Of The Capital Of Neoen At €39.85 Per Share; Subject To Closing, Would File Al-Cash Mandatory Tender Offer For All Remaining Shares And Outstanding Convertible Bonds In Neoen
Portfolio Pulse from Benzinga Newsdesk
Brookfield has entered exclusive negotiations to purchase 53.32% of Neoen's capital at €39.85 per share. Upon closing, Brookfield will file an all-cash mandatory tender offer for the remaining shares and outstanding convertible bonds in Neoen.
May 30, 2024 | 10:59 am
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POSITIVE IMPACT
Brookfield Asset Management (BAM) is in exclusive negotiations to acquire a majority stake in Neoen. This move could significantly enhance BAM's renewable energy portfolio.
The acquisition of a majority stake in Neoen would expand BAM's renewable energy portfolio, likely leading to positive investor sentiment and a potential short-term increase in BAM's stock price.
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