Brookfield buys Britain’s HomeServe for $5 billion [Toronto Globe and Mail (Ontario, Canada)]
Brookfield Asset Management Inc Class A Limited Voting Shares (BAM)
US:NYSE Investor Relations:
bam.brookfield.com/en
Company Research
Source: Toronto Globe and Mail
Brookfield Asset Management has agreed to buy British home repair services firm HomeServe for 4.08 billion pounds (US$5.04 billion), as it looks to broaden its exposure to U.K. residential infrastructure investments. News of the recommended cash deal, which adds to Brookfield’s US$725-billion portfolio of alternative assets, sent HomeServe’s shares more than 10 per cent higher in early trading on Thursday. HomeServe shareholders will receive 1,200 pence in cash for each share they hold, representing a roughly 71 per cent premium to the stock price prior to its disclosure of takeover talks with Brookfield in April. “We look forward to supporting HomeServe’s continued growth globally as critical residential infrastructure is upgraded in the coming years to drive decarbonization and improve energy efficiency,” Brookfield Infrastructure Managing Partner Sikander Rashid said. Earlier in May, Reuters reported that Brookfield was working with banks to sell its 45 per cent stake in French tow
Show less
Read more
Impact Snapshot
Event Time:
BAM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BAM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BAM alerts
High impacting Brookfield Asset Management Inc Class A Limited Voting Shares news events
Weekly update
A roundup of the hottest topics
BAM
News
- Brookfield Asset Management Ltd. Sets First Quarter 2024 Results Conference CallGlobeNewswire
- Brookfield Announces a Strategic Partnership with Soundcore Capital Partners and Heartland Paving PartnersPR Newswire
- Brookfield Asset Management Completes Annual Filings and Announces Management ChangesGlobeNewswire
- Brookfield Asset Management Ltd. (NYSE: BAM) had its price target raised by analysts at Scotiabank from $46.50 to $47.00. They now have an "outperform" rating on the stock.MarketBeat
- Brookfield Asset Management Ltd. (NYSE: BAM) had its price target raised by analysts at BMO Capital Markets from $34.00 to $36.00. They now have a "market perform" rating on the stock.MarketBeat