Big institutional buyers drive $9 billion take-private in clean energy [Wealth Professional (Canada)]
Brookfield Asset Management Inc Class A Limited Voting Shares (BAM)
US:NYSE Investor Relations:
bam.brookfield.com/en
Company Research
Source: Wealth Professional
A 32 percent bid premium is pulling Boralex Inc. off public markets as two of Canada's biggest institutions move to scale up in renewables. BNN Bloomberg reported that Brookfield Asset Management Ltd. and Caisse de dépôt et placement du Québec have struck a deal to take Quebec-based Boralex private at an implied enterprise value of about $9bn, including project and corporate-level debt. According to the Financial Post , Boralex shareholders will receive $37.25 a share in cash, nearly a 32 percent premium to both the March 20 trading price and the prior Friday close before news of a possible deal emerged. The Wall Street Journal said the equity component of the deal is about $3.8bn, or US$2.76bn. Boralex's board unanimously backed the transaction, saying it offers shareholders immediate liquidity and certainty of value and sets up the company for its next phase of growth as a private firm. BNN Bloomberg noted that Boralex shares had previously peaked above $55 in early 2021
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- Vacation home prices expected to rise again this year: Royal LePage report [BNN Bloomberg (Canada)]BNN Bloomberg
- Canadians' appetite for recreational real estate remains strong, despite economic uncertainty and return-to-office mandates [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
BAM
Earnings
- 2/4/26 - Beat
BAM
Sec Filings
- 3/3/26 - Form 8-K
- 3/3/26 - Form 8-K
- 3/2/26 - Form 10-K
- BAM's page on the SEC website