Brookfield Asset Management Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Brookfield Asset Management

BAM 53.96

+0.4%

Jan 9 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

From: JakeStraw	7/18/2007 8:06:47 AM
	of 75

Brookfield may bid for Canadian Pacific: report biz.yahoo.com Wednesday July 18, 5:10 am ET NEW YORK (Reuters) - A private equity consortium led by Brookfield Asset Management Inc. (Toronto:BAMA.TO; NYSE:BAM) is preparing a takeover bid for Canadian Pacific Railway Ltd. (Toronto:CP.TO) that could prove one of Canada's largest leveraged buyouts, the Globe and Mail said citing people familiar with the matter. Sources told the Globe that Brookfield, in partnership with Goldman Sachs & Co. (NYSE:GS) and the Caisse de depot et placement du Quebec, had mulled a takeover bid of the 120-year-old railway operator several months ago, but was rebuffed. However, the prospective buyout group recently asked for another meeting with the railway company's directors, and both Goldman and the Caisse were still with Brookfield on the effort, although the group does not want to mount a hostile bid, the Globe said.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next