GrafTech Announces Secondary Block Trade by Stockholder and Share Buyback
GrafTech International Ltd. (NYSE: EAF) (the "Company") today announced that a majority stockholder, an affiliate of Brookfield Business Partners LP, a publicly listed business services and industrials company of Brookfield Asset Management Inc., has launched a Rule 144 secondary block trade to sell 11.18 million shares of the Company's common stock to Morgan Stanley.
Brookfield Announces Reset Dividend Rate on Its Series 25 Preference Shares
Brookfield Asset Management Inc. (TSX: BAM.A, NYSE: BAM) ("Brookfield") today announced that it has determined the quarterly dividend on its floating rate Cumulative Class A Preference Shares, Series 25 ("Series 25 Shares") (TSX: BAM.PR.S).
Brookfield Closes US$9 Billion Global Private Equity Fund
BROOKFIELD NEWS, Nov. 04, 2019 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. ("Brookfield") (NYSE: BAM, TSX: BAM.A) announced today the closing of its latest flagship global private equity fund, Brookfield Capital Partners V ("BCP V" or the "Fund") with total equity commitments of $9 billion in the program.
Brookfield Asset Management 2019 Third Quarter Results Conference Call and Webcast
BROOKFIELD, NEWS, Oct. 07, 2019 (GLOBE NEWSWIRE) -- Brookfield Asset Management (NYSE:BAM)(TSX:BAM.A)(EURONEXT AMSTERDAM:BAMA):
TerraForm Power Announces Pricing of Public Offering of Common Stock
TerraForm Power, Inc. (Nasdaq: TERP) ("TerraForm Power") today announced that it priced its underwritten public offering of 14,907,573 shares of its Class A common stock ("common stock") for total gross proceeds of approximately $251 million. The underwriter may offer the shares from time to time for sale in one or more transactions on the Nasdaq Global Select Market, in the over-the-counter market or through negotiated transactions at market prices or at negotiated prices. In connection with the offering, TerraForm Power has granted the underwriter an option for a period of 30 days to purchase up to an additional 2,236,135 shares of common stock.
Brookfield Business Partners to Invest in BrandSafway
Brookfield Business Partners L.P. (NYSE:BBU) (TSX:BBU.UN) ("Brookfield Business Partners"), together with its institutional partners (collectively "Brookfield"), and Clayton, Dubilier & Rice ("CD&R") today announced a definitive agreement for Brookfield to acquire half of CD&R's ownership interest in Brand Industrial Services ("BrandSafway" or "Company"). As a result of the investment, Brookfield and funds managed by CD&R will each own approximately 45% of the Company. BrandSafway management will continue to own a minority interest in the business.
Brookfield Asset Management Completes Acquisition Of 61.2% of Oaktree Capital Management
NEW YORK, Sept. 30, 2019 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. ("Brookfield") (NYSE: BAM, TSX: BAM.A) and Oaktree Capital Group, LLC (NYSE: OAK) ("Oaktree") are pleased to announce the completion of Brookfield's acquisition of approximately 61.2% of Oaktree's business. In connection with the transaction, Brookfield acquired all of the outstanding Oaktree class A units and approximately 20% of the units of Oaktree Capital Group Holdings, L.P. ("OCGH") held by the founders, senior management, and current and former employees of Oaktree. The purchase price per unit was, at the election of such unitholders, $49.00 in cash or 1.0770 class A shares of Brookfield (subject to proration). OCGH is the holder of all outstanding class B units of Oaktree as well as a direct interest in certain of Oaktree's operating entities.
Poseidon Water Congratulates the National Alliance for Water Innovation (NAWI) Team on $100M DOE Desalination Hub
Poseidon Water is proud to be part of the National Alliance for Water Innovation (NAWI) Team that was selected to receive $100 million in funding from the U.S. Department of Energy (DOE) to establish a new Energy-Water Desalination Hub. The Hub's purpose is to advance state-of-the-art technology and research in desalination. Poseidon is a national leader in the development of water supply and treatment projects using a public-private partnership approach and manages the award-winning Claude "Bud" Lewis Carlsbad Desalination Plant.
Brookfield Asset Management Announces Results of Conversion of its Series 40 Preferred Shares
Brookfield Asset Management Inc. (TSX: BAM.A, NYSE: BAM) today announced that after having taken into account all election notices received by the September 16, 2019 deadline for the conversion of its Cumulative Class A Preference Shares, Series 40 (the "Series 40 Shares") (TSX: BAM.PF.F) into Cumulative Class A Preference Shares, Series 41 (the "Series 41 Shares"), there were 116,560 Series 40 Shares tendered for conversion, which is less than the one million shares required to give effect to conversions into Series 41 Shares. Accordingly, there will be no conversion of Series 40 Shares into Series 41 Shares, and holders of Series 40 Shares will retain their Series 40 shares.