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Brookfield Residential Shareholders Approve Going Private Transaction With Brookfield Asset Management |
March 11, 2015
CALGARY, ALBERTA--(Marketwired - March 10, 2015) - Brookfield Residential Properties Inc. ("Brookfield Residential") (TSX:BRP)(NYSE:BRP) announced today that it has received shareholder approval for the going private transaction pursuant to which 1927726 Ontario Inc., a wholly owned subsidiary of Brookfield Asset Management Inc., will acquire all of the issued and outstanding common shares of Brookfield Residential that Brookfield Asset Management Inc. and its affiliates do not already own for cash consideration of US$24.25 per Common Share by way of a plan of arrangement (the "Arrangement"). Approval was given at a special meeting of Brookfield Residential shareholders held in Toronto, Ontario on March 10, 2015 (the "Meeting").
http://www.marketwired.com/mw/release.do?id=1999027&sourceType=3
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