Brookfield Asset Management to buy 62% of Oaktree Capital


Brookfield Asset Management Inc. buys a majority stake in Oaktree Capital Management, ending the credit institution's six-year run as a public company.

Brookfield will buy about 62% of the Oaktree business, acquire all outstanding shares in its listed stock for $ 49 in cash, or 1,077 Brookfield shares. The agreement represents a 12% premium at the Oaktrees closing price on Tuesday, the companies said.

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