It ended the quarter with $75 billion in assets. Brookfield Any potential Subsequent Acquisition Transaction (as defined in the Offer) to be completed by Brookfield Infrastructure is expected to be made in the United States In 2018, we completed the $15 billion acquisition of the company. Supreme Court Throws Out Bidens Student-Loan Relief Plan, New John Hancock Retirement CEO Sees Growing Demand for Retirement Advisors, Ascendant to Test Investor Appetite for Annuity Assets, Carson Group Strikes Its Largest Deal Yet, SageView Picks Up Founders of $5B Retirement Group, Creative Planning Buys $2.5B Professional Services Firm. Brookfield Certain statements in this press release may constitute forward-looking statements. Actual results could differ materially from those projected or forecast in the forward-looking statements. David Noble, the longtime president of Statesman Life, founded American Equity in 1995 after Statesman was acquired by the company now known as CNO Financial. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information. This investment represents the continuation of this strategy and furthers our goal of partnering with corporates and other institutions to help them achieve their decarbonization objectives.. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENTS, THE PROXY STATEMENT/PROSPECTUS, ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC OR APPLICABLE CANADIAN SECURITIES REGULATORY AUTHORITIES CAREFULLY AND IN THEIR ENTIRETY IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT BIPC, TRITON AND THE PROPOSED TRANSACTION. The company ranked 11th in terms of U.S. individual non-variable indexed annuity sales in the first quarter, with $964 million in non-variable indexed annuity sales, according to LIMRA. Brookfield's offer consists of $38.85 per share in cash and the rest in Brookfield Asset Management , limited voting shares. Brookfield Re Makes $4.3B Offer to Buy American Equity, Life Health > Annuities > Fixed Annuities, News Brookfield Infrastructure is a leading global infrastructure company that owns and operates high-quality, long-life assets in the utilities, transport, midstream and data sectors across North and South America, Asia Pacific and Europe. Triton common shareholders to receive consideration valued at $85 per share, including $68.50 in cash and $16.50 in class A shares of Brookfield Infrastructure Brookfield Brookfield Renewable Partners L.P. Brookfield to Acquire CDK Global Inc. - GlobeNewswire American Equity objected to that offer, saying the price was too low, and Prosperity backed off. Prosperity Group, a company backed by Elliott Investment Management, made a $45-per-share offer, which valued the company at about $3.4 billion, in December 2022. The sale price provides significant value to our investors and represents a 35% premium to yesterdays closing share price. December 11, 2020 07:15 ET The future performance and prospects of BEP and BEPC are subject to a number of known and unknown risks and uncertainties. Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. Both Scout and Standard Solar will continue to operate as independent businesses within the Brookfield Renewable U.S. platform. Brookfield Re said it is offering American Equity a price of $55 per share, including $38.85 in cash and enough Brookfield Asset Management stock to bring the More information is available at www.brookfield.com. This news release contains forward-looking statements and information within the meaning of applicable securities laws. Westinghouse to be sold in $7.9-bln deal as interest in - Reuters Source: Brookfield Infrastructure Partners LP; Brookfield Infrastructure Corporation, Management Information Circular and Proxy, Evolving to offer the best of both worlds, https://bip.brookfield.com/bip/reports-filings/regulatory-filings, https://tritoninternational.com/investors. Should the acquisition proposal be accepted, Brookfield Asset Managements position in the insurance industry will get a boost. Brookfield Asset & Logo Licensing. The balance is expected to be funded from institutional partners. This copy is for your personal non-commercial use only. Brookfield Property Partners is listed on the Nasdaq stock market and the T oronto stock exchange. The transaction would reduce Brookfield Corp.s stake in BAM to about 73 per cent from 75 per cent. The acquisition builds on ATCAP's recent track record of investing in critical logistics assets in key regions and brings the firm's national logistics portfolio to more than 9.5 million square feet. Westinghouse's existing Triton and BIPC do not give any assurance that it will achieve its expectations. Forward-looking statements can be identified by the use of words such as will, expected, intend, potential, can or variations of such words and phrases. Regardless of the mix elected, the value per share will be equalized ahead of closing, such that the value of each election choice will be substantially the same. Today, you can download 7 Best Stocks for the Next 30 Days. Factors that could cause actual results of BEP and BEPC to differ materially from those contemplated or implied by the statements in this news release include: general economic conditions; interest rate changes; availability of equity and debt financing; the performance of the Units and Exchangeable Shares or the stock exchanges generally; and other risks and factors described in the documents filed by BEP and BEPC with securities regulators in Canada and the United States including under Risk Factors in (i) BEPs most recent Annual Report on Form 20-F and (ii) the prospectus of BEPC dated June 29, 2020 in respect of the special distribution of Exchangeable Shares to unitholders of BEP, and other risks and factors that are described therein. Brookfield Renewable has agreed to acquire Scout Clean Energy (Scout) for $1 billion with the potential to invest an additional $350 million to support the business development activities ($270 million in total net to BEP). The Independent Committee retained an independent valuator and financial advisor, who has provided a formal valuation to the Independent Committee that, as of October 11, 2022 and based upon its analysis and subject to various assumptions, qualifications, and limitations to be set forth in its formal valuation and fairness opinion, the fair market value of Brookfield Business Partners interest in Westinghouse was in the range of $1.265 billion to $1.8 billion. American Equity has fended off at least two acquisition offers from other suitors in the past three years. The proposed price is 42% higher than the average price of American Equity stock over the past 90 days, according to Brookfield Re. The Company has built an irreplaceable asset base,delivers high levels of utilization and maintains strong customer relationships. Get alerted any time new stories match your search criteria. The definitive proxy statement/prospectus will be mailed to Tritons shareholders. The Companys sole common With a container fleet of over 7 million twenty-foot equivalent units, Tritons global operations include acquisition, leasing, re-leasing and subsequent sale of multiple types of intermodal containers and chassis. Investors can access its portfolio either through Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN), a Bermuda-based limited partnership, or Brookfield Infrastructure Corporation (NYSE, TSX: BIPC), a Canadian corporation. Cautionary Statement Regarding Forward-looking Statements. Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include, but are not limited to: the impact or unanticipated impact of general economic, political and market factors in the countries in which we do business; including as a result of the ongoing novel coronavirus (SARS-CoV-2) pandemic, including any SARS-CoV-2 variants (collectively, COVID-19); the behavior of financial markets, including fluctuations in interest and foreign exchange rates; global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; strategic actions including dispositions; the ability to complete and effectively integrate acquisitions into existing operations and the ability to attain expected benefits; changes in accounting policies and methods used to report financial condition (including uncertainties associated with critical accounting assumptions and estimates); the ability to appropriately manage human capital; the effect of applying future accounting changes; business competition; operational and reputational risks; technological change; changes in government regulation and legislation within the countries in which we operate; governmental investigations; litigation; changes in tax laws; ability to collect amounts owed; catastrophic events, such as earthquakes; hurricanes and pandemics/epidemics; the possible impact of international conflicts, wars and related developments including Russias military operation in Ukraine, terrorist acts and cyber terrorism; and other risks and factors detailed from time to time in our documents filed with the securities regulators in Canada and the United States. Information about Tritons directors and executive officers is set forth in the proxy statement for Tritons 2023 Annual Meeting of Shareholders, which was filed with the SEC on March 15, 2023. Your article was successfully shared with the contacts you provided. / 37.32139N 97.16639W / 37.32139; -97.16639. The Companys best-in-class dealer management software plays a critical role in connecting every aspect of a dealerships operations and providing solutions to help these customers grow their businesses. American Equity carries a Zacks #3 (Hold) currently. Brookfield Business Partners and the Consortium have entered into support agreements with unitholders who collectively own approximately 37% of the votes eligible to be cast by holders of limited partnership units of Brookfield Business Partners to vote in favor of the transaction at the meeting. AEL Confirms Receipt of Acquisition Proposal From Brookfield Reinsurance. Brookfield Re said it is offering American Equity a price of $55 per share, including $38.85 in cash and enough Brookfield Asset Management stock to bring the full price up to $55. The offer includes US$38.85 in cash and US$16.15 worth of Brookfield Asset Management Ltd. class A limited voting shares. Brookfield Renewable is the flagship listed renewable power company of Brookfield Asset Management, a leading global alternative asset manager with approximately$750 billionof assets under management. Brookfield Learn more about the launch of our publicly listed pure-play Alternative Asset Manager. Copies of the documents filed with the SEC by CDK Global will be available under the Investor Relations section of CDK Globals website at www.cdkglobal.com, CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS AND INFORMATION, Note: This news release contains forward-looking information within the meaning of Canadian provincial securities laws and forward-looking statements within the meaning of applicable Canadian and U.S. securities laws. Brookfield Brookfield Brookfield Asset Management is a leading global alternative asset manager with over $750 billion of assets under management. Offering innovative, institutional-caliber investment expertise and solutions for the individual investor. Investors can access its portfolio either throughBrookfield Renewable Partners L.P.(NYSE: BEP; TSX: BEP.UN), orBrookfield Renewable Corporation(NYSE, TSX: BEPC), a Canadian corporation. Cautionary Statement Regarding Forward-Looking Statements and Information. Properties globally . AEL Confirms Receipt of Acquisition Proposal From Brookfield Press Releases | Brookfield Business Partners The portfolio is contracted under long-term power purchase agreements, and Brookfield Renewable intends to leverage its scale, and operating and commercial capabilities to drive additional value. Brookfield Business Partners Reaches Agreement to Sell Westinghouse. Apr 07 2022. Brookfield Although we believe that our anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on forward-looking statements and information because they involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause the actual results, performance or achievements of Brookfield Business Partners to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements and information. To read this article on Zacks.com click here. With the collar, between 18.4 and 21.3 million BIPC Shares will be issued to Triton shareholders. All other uses, submit a request to On Oct 18, 2020, AEL entered into an agreement with Brookfield Asset Management, Inc. and its affiliated entities. Forward-looking statements speak only as of the date they are made. Brookfield Business Partners. Learn more at standardsolar.com, LinkedIn and Twitter: @StandardSolar. The group, led by Evergreen Coast Capital an affiliate of the activist firm Elliott Investment Management and Brookfield Business Partners, offered $28 a share for Nielsen. Triton International to be Acquired by Brookfield The Independent Committee also received an opinion from its independent valuator and financial advisor that, as of October 11, 2022 and based upon its analysis and subject to various assumptions, qualifications and limitations to be set forth in its formal valuation and fairness opinion, the aggregate consideration to be received by Brookfield Business Partners in connection with the transaction is fair, from a financial point of view, to Brookfield Business Partners. Triton is led by a proven management teamand Brookfield Infrastructure looks forward to partnering with them to enhance the business under private ownership. April 07, 2022 08:55 ET This news release contains forward-looking statements and information within the meaning of Canadian securities laws and forward-looking statements within the meaning of Section 27A of theU.S.Securities Act of 1933, as amended, Section 21E of theU.S.Securities Exchange Act of 1934, as amended, safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995 and in any applicable Canadian securities regulations. At the time the tender offer is commenced, Merger Sub will file a Tender Offer Statement on Schedule TO with the SEC, and CDK Global will file a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC with respect to the tender offer. AEL Confirms Receipt of Acquisition Proposal From Brookfield Reinsurance. Per the agreement, Brookfield was supposed to acquire up to 19.9% ownership interest in AEL.Effective Jul 1, 2021 American Equity entered into a reinsurance agreement with North End Re, a wholly owned subsidiary of Brookfield Reinsurance, to reinsure certain in-force fixed indexed annuity product liabilities.Brookfield Reinsurance had an approximately 18.7% interest in the company's outstanding common stock as of Dec 31, 2022. Since then, we have expanded the business as cost declines in solar technology and decarbonization ambitions from commercial and industrial clients accelerated, said Connor Teskey, CEO of Brookfield Renewable. Standard Solar is powering the nations energy transformation channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar, as well as solar + storage, to businesses, institutions, farms, governments, communities and utilities. We are one of the worlds largest infrastructure investors. The transaction is expected to close in the fourth quarter of 2023, subject to customary closing conditions, including approval by Tritons shareholders and receipt of required regulatory approvals. If the proposal is accepted, AEL would gain This strategic move will allow Brookfield to diversify its portfolio and capitalize on the potential growth of the fixed index annuities market. rights reserved. The total consideration of $85.00 per Triton common share (Triton Share) will consist of $68.50 in cash and $16.50 in BIPC class A exchangeable shares (BIPC Shares) (NYSE: BIPC, TSX: BIPC). Brookfield We underwrote both transactions without the benefit of the Inflation Reduction Act so the additional incentives now available represent a significant boost to each business. A copy of this Further information is available atwww.bep.brookfield.comandwww.bep.brookfield.com/bepc.Important information may be disseminated exclusively via the website; investors should consult the site to access this information. Brookfield Asset Management Inc. is a leading global alternative asset manager with over $385 billion in assets under management. The business was acquired by Brookfield out of bankruptcy in 2018. presentation-ready copies of Toronto Star content for distribution For more information, please visit www.scoutcleanenergy.com. Brookfield Asset Management is a leading global alternative asset manager with approximately $690 billion of assets under management. BROOKFIELD APARTMENTS Valley Center KS, 67147 - Company Year to date, RGA shares have lost 1.7%.Primericas earnings surpassed the Zacks Consensus Estimate in three of the last four quarters, while missing in one. Brookfield Re Makes $4.3B Offer to Buy American Equity Brookfield Business Partners Sachin Shah, Chief Executive Officer of Brookfield Reinsurance, said, The acquisition of American National represents a significant milestone in the continued The board will carefully review Brookfield Reinsurances proposal in accordance with its fiduciary duties and in consultation with its independent financial and legal advisors, American Equity said. www.copyright.com. Both companies said there was no guarantee that an agreement will be reached. It then backed life and annuity issuer and distributor efforts to keep the SEC from regulating the new indexed annuity products as securities. 158. Click to get this free report, American Equity Investment Life Holding Company (AEL) : Free Stock Analysis Report, Reinsurance Group of America, Incorporated (RGA) : Free Stock Analysis Report, Primerica, Inc. (PRI) : Free Stock Analysis Report, Brookfield Asset Management Ltd. (BAM) : Free Stock Analysis Report. Brookfield Renewable also announces today the closing of its acquisition of Standard Solar for consideration of $540 million with the potential to invest an additional $160 million to support the business growth initiatives ($140 million in total net to BEP). Public Listing for WD ACQUISITION LLC Brookfield Renewable is a subsidiary of Brookfield Asset Management, which has $540 billion of assets under management. American Equity Investment Life Holding Company AEL has received an acquisition proposal from Brookfield Reinsurance Ltd. for $55.00 per share for the shares that Brookfield Reinsurance does not already own. Brookfield Reinsurance Submits Acquisition Proposal For American Brookfield Renewable also announces today the closing of its acquisition of Standard Solar for consideration of $540 million with the potential to invest an The transaction is expected to close in the second half of 2023. This strategic relationship positions American Equity for continued growth and success in the competitive insurance industry. The companys board noted today that it helped Brookfield Re make the current offer by waiving a standstill provision in an investment agreement. Brookfield Infrastructure intends to maintain Tritons existing investment grade capital structure, uphold the highest operating and customer service standards for the benefit of Tritons customers and stakeholders, and help grow the business, aided by Brookfield Infrastructure's substantial access to long-term private capital. Michael Rucker, CEO and founder of Scout Clean Energy, said: Scout is pleased to be sponsored going forward by an industry-leading partner to help Scout continue to grow our rapidly expanding pipeline of wind, solar and battery storage projects across the United States. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. The transaction is subject to minority approval, being the approval by more than 50% of the votes cast by holders of limited partnership units of Brookfield Business Partners, excluding any limited partnership units held by any interested party pursuant to the requirements of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions. It accounted for 4.2% of the non-variable indexed annuity sales reported to LIMRA. Brookfield Renewable Partners L.P. All amounts in U.S. dollars unless otherwise indicated. Standard Solar has approximately 500 MW of operating and under construction contracted assets and a robust development pipeline of almost 2,000 MW and a strong team to execute on significant growth opportunities across several high value solar markets in the U.S., such as New York, Maryland, Minnesota and Maine. Brookfield Residential to acquire Newland, combining two These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. American Equity used a reinsurance deal with Brookfield Re to stay independent. Brookfield Brookfield Infrastructure Announces Acquisition of Approximately Brookfield Infrastructure is the flagship listed infrastructure company of Brookfield Corporation, a global alternative asset manager with approximately $800 billion of assets under management. Brookfield Reinsurance may harm our regulatory, business, or shareholder relationships through its efforts to frustrate our strategic progress and execution. By leveraging the expertise and market presence of American Equity, Brookfield is likely to enhance its overall investment capabilities and further solidify its position as a leading global asset management company. Brookfield Asset Management Completes Privatization of
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