The Latest Breaking News from Brookfield Asset Management Inc

Japanese multinational Toshiba Corp (OTC:TOSYY) has received eight proposals for privatization and two to form capital alliances that would make it remain listed. The company’s board of directors and a special committee have previously sought proposals for strategic alternatives after the shareholders voted against a proposed restructuring plan. The proposals received are not legally…

Bidders seeking to acquire Kohl's Corp (NYSE:KSS) are likely to make offers lower than their initial ones to reflect the market downturn, Reuters reported. The potential purchasers, including private equity firm Sycamore Partners, brand holding firm Franchise Group, J.C. Penney investors Simon Property Group, Inc. (NYSE:SPG), and Brookfield Asset Management Inc (NYSE:BAM), intend to lower their offers…

Brookfield Asset Management Inc (TSX:BAM) (NYSE:BAM) disclosed a recommended cash offer for British home repair services provider HomeServe plc (OTC:HMSVF) for £4.08 billion (~$5 billion). HomeServe shareholders will receive 1,200 pence in cash for each share held. The offer price represents a 71% premium to the closing price per HomeServe share of 704 pence…

DigitalBridge Group, Inc (NYSE:DBRG) is nearing a deal for data-center operator Switch, Inc (NYSE:SWCH), Bloomberg reports. DigitalBridge, led by CEO Marc Ganzi, outbid Brookfield Asset Management Inc (NYSE:BAM) (TSX:BAM) for Las Vegas-based Switch. The market capitalization of Switch, led by founder, Chair, and CEO Rob Roy, is $7.4 billion. Switch reported Q1 results with an adjusted EPS of…