Brookfield Asset Management .(BAM)

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Filing of a draft offer document relating to the simplified tender offer for the Neoen shares and bonds convertible into and/or exchangeable for new and/or existing Neoen shares
Globenewswire· 2025-01-28 15:53
Paris, Jan. 28, 2025 (GLOBE NEWSWIRE) -- THIS DOCUMENT IS AN UNOFFICIAL ENGLISH-LANGUAGE TRANSLATION OF THE FRENCH LANGUAGE PRESS RELEASE WHICH WAS PUBLISHED BY THE OFFEROR ON 28 JANUARY 2025. IN THE EVENT OF ANY DIFFERENCES BETWEEN THIS UNOFFICIAL ENGLISH LANGUAGE TRANSLATION AND THE OFFICIAL FRENCH LANGUAGE PRESS RELEASE, THE OFFICIAL FRENCH LANGUAGE PRESS RELEASE SHALL PREVAIL. PRESS RELEASE ON THE FILING OF A DRAFT OFFER DOCUMENT RELATING TO THE SIMPLIFIED TENDER OFFER for the Neoen shares ("Shares") an ...
Brookfield Renewable Holdings SAS increases the price offered for the 2022 OCEANEs as part of the simplified tender offer for the Neoen shares and OCEANEs
Globenewswire· 2025-01-24 17:00
Paris, Jan. 24, 2025 (GLOBE NEWSWIRE) -- NOT TO DISTRIBUTE, PUBLISH OR DISSEMINATE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN ANY JURISDICTION IN WHICH DISTRIBUTION, PUBLICATION OR DISSEMINATION WOULD BE PROHIBITED. Brookfield Renewable Holdings SAS increases the price offered for the 2022 OCEANEs as part of the simplified tender offer for the Neoen shares and OCEANEs Toronto and Paris, January 24, 2025: Following the filing on January 2, 2025 by Brookfield Renewable Holdings SAS ("Brookfield") of a m ...
The Trump Trade: Top High-Yield Stocks For The New Administration
Seeking Alpha· 2025-01-24 12:05
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5 Big Dividend Growth Blue-Chips For A Rich Retirement
Seeking Alpha· 2025-01-21 16:00
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Brookfield Appoints Bruce Flatt as Chair of Brookfield Asset Management
Globenewswire· 2025-01-16 20:55
Appointment comes as Mark Carney departs to enter Canadian Liberal Party leadership raceNEW YORK, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Brookfield Asset Management (“Brookfield”), a leading global alternative asset manager headquartered in New York with over $1 trillion of assets under management, announced today the appointment of Bruce Flatt as Chair of the Board of Directors, in addition to his role as Chief Executive Officer. He replaces Mark Carney, who today announced his candidacy for the leadership of t ...
Brookfield Asset Management to Host Fourth Quarter 2024 Results Conference Call
Globenewswire· 2025-01-15 11:45
Core Viewpoint - Brookfield Asset Management Ltd. will host its fourth quarter 2024 conference call and webcast on February 12, 2025, at 9:00 a.m. ET, with results released prior to 7:00 a.m. ET on the same day [1] Group 1: Company Overview - Brookfield Asset Management is a leading global alternative asset manager with over $1 trillion in assets under management across various sectors including renewable power, infrastructure, private equity, real estate, and credit [1] - The company focuses on long-term investments in real assets and essential service businesses that are critical to the global economy [1] - Brookfield offers a range of alternative investment products to a diverse clientele, including public and private pension plans, endowments, foundations, sovereign wealth funds, financial institutions, insurance companies, and private wealth investors [1] Group 2: Event Details - Participants can join the conference call or webcast, with pre-registration available for the conference call to streamline the process [2] - A replay of the event will be accessible via the webcast link for 90 days following the event [2]
Best Income Stocks to Buy for January 9th
ZACKS· 2025-01-09 09:36
Stocks with Buy Rank and Strong Income Characteristics - The Travelers Companies, Inc (TRV) has seen a 1.6% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [1] - The company has a dividend yield of 1.7%, significantly higher than the industry average of 0.1% [1] CNO Financial Group, Inc (CNO) Performance - CNO Financial Group, Inc (CNO) has experienced a 2.8% rise in the Zacks Consensus Estimate for current year earnings over the last 60 days [2] - The company offers a dividend yield of 1.7%, slightly above the industry average of 1.6% [2] Brookfield Asset Management Ltd (BAM) Earnings and Dividend - Brookfield Asset Management Ltd (BAM) has witnessed a 1.4% increase in the Zacks Consensus Estimate for current year earnings over the last 60 days [2] - The company boasts a dividend yield of 2.8%, compared to the industry average of 0.0% [3]
Filing of a Draft Offer Document Relating to the Simplified Tender Offer for the Neoen Shares and Bonds Convertible into and/or Exchangeable for New and/or Existing Neoen Shares Initiated by Brookfield Renewable Holdings SAS
Globenewswire· 2025-01-02 16:17
Offer Overview - Brookfield Renewable Holdings SAS has initiated a simplified tender offer for Neoen shares and OCEANEs at EUR 39.85 per share, EUR 48.14 per 2020 OCEANE, and EUR 101,382.00 per 2022 OCEANE [2][14] - The offer will last for 21 trading days and is subject to review by the French stock market authority (AMF) [2][3] Offer Details - The offer price represents a 26.9% premium over the last closing price on the announcement date and premia of 40.3% and 43.5% over the 3-month and 6-month volume-weighted average price respectively [71] - Brookfield Renewable Holdings currently holds 53.12% of Neoen's share capital and voting rights following a Block Trade Acquisition [16][51] Company Background - Neoen, founded in 2008, has established itself as a significant player in the global renewable energy sector with 10.36 GW of secured capacity and 20.3 GW of advanced pipeline [39][41] - The company operates in 15 countries, with a strong presence in France and Australia, and has grown its assets from 2 GW to 8 GW since 2018 [46] Strategic Intentions - Brookfield views Neoen as a high-quality developer and operator of renewable assets, believing it will complement Brookfield's existing renewable power portfolio [42][70] - The Offeror intends to operate Neoen as a standalone company while supporting its growth strategy and maintaining its existing management team [60][66] Future Plans - Brookfield plans to continue Neoen's strategy of geographic and technological diversification, focusing on core assets and regions with the most potential for value creation [62][63] - The Offeror intends to support Neoen's debt capital markets strategy and gradually expand corporate financing facilities as the business grows [64] Squeeze-Out Procedure - If less than 10% of shares are not tendered, Brookfield intends to implement a squeeze-out procedure to acquire the remaining shares at the offer price [9][10] - The squeeze-out may lead to the delisting of Neoen's shares from Euronext Paris [68]
Brookfield Asset Management Announces New Meeting Date For Special Meeting on Proposed Arrangement
Globenewswire· 2024-12-27 12:45
NEW YORK, Dec. 27, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE: BAM, TSX: BAM) (“BAM”) today announced that, following the recent resumption of mail service in Canada, it has set a new meeting date of January 27, 2025 for its upcoming special meeting of shareholders (the “Meeting”) in respect of the previously-announced arrangement to enhance its corporate structure (the “Arrangement”). In addition, BAM filed its management information circular (the “Circular”) in connection with the Mee ...
PosiGen Secures Third Funding Commitment from Brookfield Asset Management
Prnewswire· 2024-12-19 15:00
Funding and Investment - Brookfield Asset Management has committed an additional $200 million to support PosiGen's growth and project deployment [1] - Total funding from Brookfield to PosiGen since 2023 reaches $600 million, playing a key role in the company's strategic expansion into new markets [2] - The new funding will support projects driven by PosiGen's direct sales engine and its growing channel partner platform [2] Company Strategy and Impact - PosiGen's business model eliminates traditional barriers to solar adoption, such as credit score requirements and income thresholds, making clean energy solutions accessible to underserved communities [3] - The company's mission is to deliver meaningful savings and solar energy to all, with a focus on underserved communities [4] - PosiGen's innovative "no credit check" financing has helped nearly 30,000 customers across more than a dozen states reduce utility bills and achieve financial autonomy [5] Partnership and Growth - Brookfield's investment reflects confidence in PosiGen's proven business model and its ability to scale successfully [4] - PosiGen's partnership with Brookfield is deepening, with both companies emphasizing the dual goals of profitability and positive social impact [3][4] - The company has over 750 employees and supports hundreds of solar jobs nationwide through its expanding PosiGen Partner Program [5] Industry Context - Brookfield Asset Management is a global alternative asset manager with over $1 trillion in assets under management, focusing on renewable power, infrastructure, and other essential service businesses [6] - PosiGen is a Certified B Corporation and the leading provider of renewable energy and energy efficiency solutions for underserved communities in the US [1][5]