Brookfield Asset Management is a leading global alternative asset manager and one of the largest investors in real assets. Our investment focus is on real estate, renewable power, infrastructure and private equity assets. Our objective is to generate attractive long-term risk-adjusted returns for the benefit of our clients and shareholders. We manage a range of public and private investment products and services for institutional and retail clients. We earn asset management income for doing so and align our interests with our clients by investing alongside them. We have an exceptionally strong balance sheet, with over $30 billion of capital invested, primarily in our four listed partnerships: Brookfield Property Partners, Brookfield Infrastructure Partners, Brookfield Renewable Partners and Brookfield Business Partners. This access to large-scale capital enables us to make investments in sizeable, premier assets across geographies and asset classes that few managers are able to do. We create value for BAM shareholders in the following ways: As an asset manager  by investing both our own capital and that of our investors  this enables us to increase the scale of our operations, and enhances our financial returns through base management fees and performance-based income; as an investor and capital allocator  we strive to invest at attractive valuations, particularly in value-oriented situations that create opportunities for superior valuation gains and cash flow returns, or by monetizing assets at appropriate times to realize value; and as an owner-operator  we constantly work to increase the value of the assets within our operating businesses and the cash flows they produce through our operating expertise, development capabilities and effective financing.
IPO Year: 2022
Exchange: NYSE
Website: brookfield.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/2/2024 | $43.00 | Hold | Jefferies |
| 5/15/2024 | $38.00 → $41.00 | Neutral | JP Morgan |
| 2/1/2024 | Buy → Hold | HSBC Securities | |
| 12/18/2023 | Hold → Buy | Deutsche Bank | |
| 10/6/2023 | $39.00 | Buy | HSBC Securities |
| 9/7/2023 | $40.00 | Neutral | BofA Securities |
| 5/30/2023 | Hold | Deutsche Bank | |
| 12/22/2022 | $35.00 | Outperform | RBC Capital Mkts |
| 12/16/2022 | $37.00 | Sector Outperform | CIBC |
| 4/27/2022 | $68.00 → $71.50 | Neutral → Outperform | Credit Suisse |
Fee-Related Earnings up 14% Year-Over-Year to $644 Million $135 Billion of Capital Raised Over LTM, Growing Fee-Bearing Capital 23% to $539 Billion Brookfield Takes Initial Steps to Enhance Shareholder Ownership and Index Inclusion NEW YORK, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE:BAM, TSX:BAM) today announced financial results for the quarter ended September 30, 2024. Connor Teskey, President of Brookfield Asset Management, stated, "We delivered record results in the third quarter, driven by the substantial increase in fee-bearing capital due to strong fundraising, deployment and additional strategic partnerships over the past year. This resulted in 1
NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE:BAM, TSX:BAM) and Brookfield Corporation (NYSE:BN, TSX:BN) today announced steps towards enhancing BAM's corporate structure and positioning BAM for broader equity index inclusion, particularly those in the U.S. As part of this effort, BAM has now changed its head office to New York. In addition, BAM and BN have entered into an agreement whereby BAM would own and reflect 100% of the asset management business (the "Arrangement"), and BN's current 73% interest in the asset management business would be held directly through ownership of approximately 73% of the publicly traded shares of BAM. The Arrangement w
Two leading renewable energy players partner on operational U.K. offshore wind farms. Brookfield to acquire a 12.45% stake in 3.5 GW offshore wind portfolio under long-term contracts LONDON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Ørsted (CPH: ORSTED) has signed a partnership agreement with Brookfield (NYSE:BAM, TSX:BAM), its institutional partners and its listed affiliate Brookfield Renewable (NYSE:BEP, BEPC, TSX:BEP, BEPC)), who will acquire 12.45% minority stakes in four of Ørsted's operational U.K. offshore wind farms: Hornsea 1, Hornsea 2, Walney Extension, and Burbo Bank Extension, which have a combined total capacity of approximately 3.5 GW. The enterprise value of the transaction is $2
BROOKFIELD, NEWS, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE:BAM, TSX:BAM) will host its third quarter 2024 conference call and webcast on Monday, November 4, 2024 at 10:00 a.m. (ET). Results will be released that morning prior to 7:00 a.m. (ET) and will be available on our website at www.bam.brookfield.com/news-events/press-releases. Participants can join by conference call or webcast: Conference Call Please pre-register by conference call: https://register.vevent.com/register/BI40fc91cc173d4008997926152f847ba6Upon registering, you will be emailed a dial-in number, and unique PIN. This process will bypass the operator and avoid the queue. Webcast Plea
CHICAGO, Sept. 24, 2024 (GLOBE NEWSWIRE) -- GCM Grosvenor (NASDAQ:GCMG), a leading global alternative asset management firm, today announced that its Infrastructure Advantage Strategy has acquired a 25% equity interest in Shepherds Flat (the "Transaction"), the largest repowered wind farm in North America, from Brookfield Asset Management (NYSE:BAM, TSX:BAM) and its institutional partners, including its listed affiliate Brookfield Renewable (NYSE:BEP, BEPC, TSX:BEP, BEPC))) ("Brookfield"). Shepherds Flat, located in north central Oregon, is a fully contracted 338-turbine wind farm with a nameplate capacity of 845 MW. The wind farm produces in excess of 2,000 GWh of electricity annually, w
Brookfield Asset Management acquires 51% interest in Castlelake and Brookfield Wealth Solutions commits to invest in the firm's funds and strategies, total capital amounting to $1.5B NEW YORK and MINNEAPOLIS, Sept. 17, 2024 /PRNewswire/ -- Brookfield Asset Management (NYSE:BAM, TSX:BAM) ("Brookfield") and Castlelake L.P. ("Castlelake"), a global alternative investment manager specializing in asset-based private credit including aviation and specialty finance, today announced the closing of a $1.5 billion strategic partnership in which Brookfield has acquired a 51% stake in Castlelake's fee-related earnings and Brookfield Wealth Solutions has committed to invest into Castlelake's investment s
Assets Under Management Now Approximately $1 Trillion $68 Billion of Capital Raised in the Quarter Annualized FRE and DE Grew 11% and 12% to $2.5 Billion and $2.4 Billion BROOKFIELD, NEWS, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE:BAM, TSX:BAM) today announced financial results for the quarter ended June 30, 2024. Connor Teskey, President of Brookfield Asset Management stated, "We had another strong quarter, which included $68 billion of capital raised. There is strong momentum in our Credit business, providing solutions to our partners globally. We also continue to see unprecedented opportunities in our Renewable Power and Transition business, as evidenc
Transaction to unlock significant embedded equity value for common shareholders1 and position Chorus for the future Sale price of $1.9 billion to unlock embedded equity value in the Regional Aircraft Leasing ("RAL") segment, with net proceeds of $814 million.Transaction to eliminate $1.7 billion in financings, including all RAL segment aircraft-related debt, substantially all Chorus corporate debt, and US$300 million in Series 1 Preferred Shares.2Pro forma Leverage Ratio3 as at the end of 2023 would decrease to 1.8x from 3.6x, with substantially all remaining debt relating to aircraft operated by Jazz Aviation under the Capacity Purchase Agreement (the "CPA") with Air Canada and supported by
BROOKFIELD, NEWS, July 09, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE:BAM, TSX:BAM) is set to publish its financial results for the second quarter 2024 on August 7, 2024, prior to 7:00 a.m. ET. These results will be made available on our website at www.bam.brookfield.com/news-events/press-releases. The Company will host an earnings conference call and webcast to review its results and operations beginning at 11:00 a.m. ET. Participants can join by conference call or webcast: Conference Call Please pre-register by conference call: https://register.vevent.com/register/BIfc7713ee998f400c8d32e654adb9f59dUpon registering, you will be emailed a dial-in number, and uniqu
NOT FOR DISTRIBUTION, PUBLICATION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OR TO ANY US PERSON, OR TO ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION, PUBLICATION OR RELEASE WOULD BE UNLAWFUL. Brookfield has entered into exclusive negotiations with Impala, the Fonds Stratégique de Participations managed by ISALT, Cartusiai and Xavier Barbaro, and other shareholdersii to acquire approximately 53.32% of the outstanding shares of Neoen at a price of 39.85 euros per shareiii. The acquisition price represents a 26.9% premium over the last closing price and premia of 40.3% and 43.5% over the 3- and 6-months volume-weighted average price respec
BROOKFIELD, NEWS, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Brookfield Corporation (NYSE:BN, TSX:BN) today announced that it has received exemptive relief from the Ontario Securities Commission from the requirement to obtain a formal valuation and minority shareholder approval in relation to the arrangement to enhance the corporate structure of Brookfield Asset Management Ltd. (NYSE:BAM, TSX:BAM), which was jointly announced by BN and BAM on October 31, 2024 (the "Arrangement"). BN filed a material change report on November 1, 2024 (the "Material Change Report") summarizing the terms of the Arrangement and results of the formal valuation prepared by KPMG LLP, the independent valuer appointed by
10-year PPA to deliver power from Argo and Brookfield's Smoky Mountain Hydro Facilities located in east Tennessee and western North Carolina The hydro facilities will provide 377 MW of reliable, clean energy to meet demand growth in TVA's service territory The PPA will support TVA's energy transition goal to achieve net-zero by 2050 Tennessee Valley Authority ("TVA") together with Argo Infrastructure Partners, LP ("Argo") and Brookfield Asset Management ("Brookfield") (NYSE:BAM, TSX:BAM), with its listed affiliate Brookfield Renewable (NYSE:BEP, BEPC, TSX:BEP, BEPC)) today announced the signing of a landmark 10-year power purchase agreement ("PPA") with power to be delivered by th
NEW YORK, Nov. 19, 2024 (GLOBE NEWSWIRE) -- TerraForm Power, a leading developer, builder, and operator of renewable power, announced today that it has named Mark Noyes as Chief Executive Officer and President to further the company's strategy across existing and new opportunities for growth. Mr. Noyes brings with him over 30 years of experience in the energy sector and joins TerraForm Power from RWE Clean Energy's leadership team where he was the Chief Executive Officer. Under his leadership, RWE Clean Energy grew significantly through both development and acquisition, ending 2023 with 10,000 megawatts of operating assets and a 30,000-megawatt pipeline. Prior to his role at RWE Clean E
Fee-Related Earnings up 14% Year-Over-Year to $644 Million $135 Billion of Capital Raised Over LTM, Growing Fee-Bearing Capital 23% to $539 Billion Brookfield Takes Initial Steps to Enhance Shareholder Ownership and Index Inclusion NEW YORK, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE:BAM, TSX:BAM) today announced financial results for the quarter ended September 30, 2024. Connor Teskey, President of Brookfield Asset Management, stated, "We delivered record results in the third quarter, driven by the substantial increase in fee-bearing capital due to strong fundraising, deployment and additional strategic partnerships over the past year. This resulted in 1
NEW YORK, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE:BAM, TSX:BAM) and Brookfield Corporation (NYSE:BN, TSX:BN) today announced steps towards enhancing BAM's corporate structure and positioning BAM for broader equity index inclusion, particularly those in the U.S. As part of this effort, BAM has now changed its head office to New York. In addition, BAM and BN have entered into an agreement whereby BAM would own and reflect 100% of the asset management business (the "Arrangement"), and BN's current 73% interest in the asset management business would be held directly through ownership of approximately 73% of the publicly traded shares of BAM. The Arrangement w
Two leading renewable energy players partner on operational U.K. offshore wind farms. Brookfield to acquire a 12.45% stake in 3.5 GW offshore wind portfolio under long-term contracts LONDON, Oct. 30, 2024 (GLOBE NEWSWIRE) -- Ørsted (CPH: ORSTED) has signed a partnership agreement with Brookfield (NYSE:BAM, TSX:BAM), its institutional partners and its listed affiliate Brookfield Renewable (NYSE:BEP, BEPC, TSX:BEP, BEPC)), who will acquire 12.45% minority stakes in four of Ørsted's operational U.K. offshore wind farms: Hornsea 1, Hornsea 2, Walney Extension, and Burbo Bank Extension, which have a combined total capacity of approximately 3.5 GW. The enterprise value of the transaction is $2
Closes $241 Million Securitization Including $144.6 Million of AAA Rated Debt Fundamental Income Properties ("Fundamental Income" or the "Company"), a Phoenix-based net lease real estate company that has acquired and financed over $1.6 billion of single-tenant properties across 43 states and 51 industries since 2020, today announced the closing of $241.0 million of long-term fixed-rate notes designated as Fundamental Income Net-Lease Mortgage Notes, Series 2024-1. This is the third note issuance under Fundamental Income's FI Master Trust program, its proprietary structured debt financing vehicle, and its first issuance to achieve a ‘AAA' rating from Standard & Poor's Ratings Services (S&P
BROOKFIELD, NEWS, Oct. 09, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE:BAM, TSX:BAM) will host its third quarter 2024 conference call and webcast on Monday, November 4, 2024 at 10:00 a.m. (ET). Results will be released that morning prior to 7:00 a.m. (ET) and will be available on our website at www.bam.brookfield.com/news-events/press-releases. Participants can join by conference call or webcast: Conference Call Please pre-register by conference call: https://register.vevent.com/register/BI40fc91cc173d4008997926152f847ba6Upon registering, you will be emailed a dial-in number, and unique PIN. This process will bypass the operator and avoid the queue. Webcast Plea
NEW YORK, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Brookfield Oaktree Wealth Solutions, a leading provider of alternative investments to financial advisors and their clients globally, today revealed key findings from its new survey of high-net-worth investors and financial advisors. Conducted by independent research organization CoreData, "The Alts Institute" Alternative Investing Survey surveyed high-net-worth (HNW) investors in the U.S. and Canada with at least US $2.5 million in household investable assets and financial advisors with an average of US $633 million in practice assets under management. Key findings among HNW investors: Those who are already invested in alts want more: 88% of a
CHICAGO, Sept. 24, 2024 (GLOBE NEWSWIRE) -- GCM Grosvenor (NASDAQ:GCMG), a leading global alternative asset management firm, today announced that its Infrastructure Advantage Strategy has acquired a 25% equity interest in Shepherds Flat (the "Transaction"), the largest repowered wind farm in North America, from Brookfield Asset Management (NYSE:BAM, TSX:BAM) and its institutional partners, including its listed affiliate Brookfield Renewable (NYSE:BEP, BEPC, TSX:BEP, BEPC))) ("Brookfield"). Shepherds Flat, located in north central Oregon, is a fully contracted 338-turbine wind farm with a nameplate capacity of 845 MW. The wind farm produces in excess of 2,000 GWh of electricity annually, w
6-K - Brookfield Asset Management Ltd. (0001937926) (Filer)
6-K - Brookfield Asset Management Ltd. (0001937926) (Filer)
6-K - Brookfield Asset Management Ltd. (0001937926) (Filer)
6-K - Brookfield Asset Management Ltd. (0001937926) (Filer)
6-K - Brookfield Asset Management Ltd. (0001937926) (Filer)
6-K - Brookfield Asset Management Ltd. (0001937926) (Filer)
6-K - Brookfield Asset Management Ltd. (0001937926) (Filer)
6-K - Brookfield Asset Management Ltd. (0001937926) (Filer)
6-K - Brookfield Asset Management Ltd. (0001937926) (Filer)
6-K - Brookfield Asset Management Ltd. (0001937926) (Filer)
Jefferies initiated coverage of Brookfield Asset Mgmt with a rating of Hold and set a new price target of $43.00
JP Morgan resumed coverage of Brookfield Asset Mgmt with a rating of Neutral and set a new price target of $41.00 from $38.00 previously
HSBC Securities downgraded Brookfield Asset Mgmt from Buy to Hold
Deutsche Bank upgraded Brookfield Asset Mgmt from Hold to Buy
HSBC Securities initiated coverage of Brookfield Asset Mgmt with a rating of Buy and set a new price target of $39.00
BofA Securities initiated coverage of Brookfield Asset Mgmt with a rating of Neutral and set a new price target of $40.00
Deutsche Bank resumed coverage of Brookfield Asset Mgmt with a rating of Hold
RBC Capital Mkts initiated coverage of Brookfield Asset Mgmt with a rating of Outperform and set a new price target of $35.00
CIBC initiated coverage of Brookfield Asset Mgmt with a rating of Sector Outperform and set a new price target of $37.00
Credit Suisse upgraded Brookfield Asset Mgmt from Neutral to Outperform and set a new price target of $71.50 from $68.00 previously
SC 13D/A - BROOKFIELD ASSET MANAGEMENT INC. (0001001085) (Filed by)
SC 13D/A - BROOKFIELD ASSET MANAGEMENT INC. (0001001085) (Filed by)
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NEW YORK, Nov. 19, 2024 (GLOBE NEWSWIRE) -- TerraForm Power, a leading developer, builder, and operator of renewable power, announced today that it has named Mark Noyes as Chief Executive Officer and President to further the company's strategy across existing and new opportunities for growth. Mr. Noyes brings with him over 30 years of experience in the energy sector and joins TerraForm Power from RWE Clean Energy's leadership team where he was the Chief Executive Officer. Under his leadership, RWE Clean Energy grew significantly through both development and acquisition, ending 2023 with 10,000 megawatts of operating assets and a 30,000-megawatt pipeline. Prior to his role at RWE Clean E
Investment in a critical national infrastructure providing 76% of the United Kingdom's total pumped hydro storage capacityMONTRÉAL and LONDON, Sept. 24, 2024 /PRNewswire/ - CDPQ, a global investment group, today announced it has entered into an agreement with Brookfield Asset Management (NYSE:BAM) (TSX:BAM) and its institutional partners, including its listed affiliate Brookfield Renewable (NYSE:BEP) (NYSE:BEPC) (TSX:BEP) (TSX:BEPC) (together "Brookfield"), to acquire its 25% stake in First Hydro Company, a critical electricity generation and storage facility in the United Kingdom. Engie is the majority shareholder who owns the remaining 75% of the company. Responsible for the management an
Former EDP Renewables Executive Further Strengthens Scout's Ability to Execute on 19 GW Pipeline BOULDER, Colo., Aug. 21, 2024 /PRNewswire/ -- Today, Scout Clean Energy ("Scout"), a leading national renewable energy developer-owner-operator, announced the addition of Kris Cheney as Chief Development Officer, further fortifying Scout's established development capabilities. Cheney brings more than a decade of leadership experience developing wind, solar, and storage projects to Scout as it continues its significant growth trajectory to execute on its 19 GW pipeline of renewable energy assets.
BROOKFIELD, NEWS, March 19, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE:BAM, TSX:BAM) announced that it has filed its 2023 annual materials on Form 40-F, including its audited financial statements and management's discussion and analysis for the year ended December 31, 2023, with the SEC on EDGAR as well as with the Canadian securities authorities on SEDAR. These documents are also available at www.bam.brookfield.com and a hardcopy will be provided to shareholders free of charge upon request. Appointment of Hadley Peer Marshall as Chief Financial Officer The Board of Brookfield Asset Management is pleased to announce the appointment of Hadley Peer Marshall as Chief Fi
BROOKFIELD, NEWS, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Brookfield Asset Management ("Brookfield") announced today the appointment of Sir Ron Kalifa as Vice Chair and Head of Financial Infrastructure investments. Ron brings a wealth of experience to his role at Brookfield, including over two decades of building and transforming businesses in the global payments space, and as a Non-Executive Director of the Bank of England's Court of Directors. Brookfield's financial infrastructure strategy focuses on identifying opportunities in digital assets and services that form the backbone of the global financial economy. The strategy typically seeks mature, high-quality companies that are integral comp
BROOKFIELD, NEWS, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Brookfield Reinsurance ((NYSE, TSX:BAMR) today announced financial results for the quarter ended June 30, 2022. Sachin Shah, CEO of Brookfield Reinsurance, stated, "With the closing of American National, we now manage over $40 billion of assets, a substantial portion of which are in cash and short-dated liquid securities. Our focus now shifts to investing these assets for value in a rising rate environment." UnauditedAs at and for the periods ended June 30(US$ millions, except per share amounts)Three Months Ended Six Months Ended 2022 2021 2022 2021Total Assets$41,019 $2,640 $41,019 $2,640Adjusted equity1 3,767 1,252 3,767 1,252Dis
BROOKFIELD, NEWS, Nov. 11, 2021 (GLOBE NEWSWIRE) -- Brookfield Asset Management Reinsurance Partners Ltd. ("Brookfield Reinsurance") ((NYSE, TSX:BAMR) today announced financial results for the quarter ended September 30, 2021. Sachin Shah, CEO of Brookfield Reinsurance, stated, "We continue to make significant progress in advancing our priorities with a focus on executing our previously announced transactions. Since we last reported, we have closed on a number of reinsurance and pension risk transfer opportunities, increasing our assets under management to $8 billion. Through our strategic partnership with Brookfield, we have successfully redeployed a significant portion of th
BROOKFIELD NEWS, Oct. 28, 2021 (GLOBE NEWSWIRE) -- Brookfield today announced the appointment of Michael McRaith as Vice Chair of its Insurance Solutions business. In this newly created role, Mr. McRaith will participate in all aspects of Brookfield's global insurance operations. Brookfield's Insurance Solutions business is focused on providing capital and investment solutions that match assets and liabilities for the benefit of policyholders and other stakeholders. Leveraging Brookfield's extensive expertise and capacity across real estate, infrastructure, renewable power and private credit, Insurance Solutions partners with leading insurers to develop portfolios with high-quality inve
BROOKFIELD NEWS, Jan. 05, 2021 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. (“Brookfield” or the “Corporation”) (TSX: BAM.A, NYSE: BAM) announced today the appointment of Hutham Olayan to its board of directors. Ms. Olayan is Chair of The Olayan Group, a multinational investment enterprise as well as a leading operator of businesses in Saudi Arabia, where the group originated in 1947. Ms. Olayan has decades of experience as a long-term investor in various asset classes in global markets. Frank McKenna, Chair of the Board of Directors of Brookfield, stated, “We are thrilled to welcome Ms. Olayan to Brookfield. As an accomplished business leader and skilled director, she brings vast
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4 - Brookfield Asset Management Ltd. (0001937926) (Reporting)
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CIBC analyst Nik Priebe maintains Brookfield Asset Mgmt (NYSE:BAM) with a Outperformer and raises the price target from $47 to $49.
Brookfield Asset Management Ltd. (NYSE:BAM) disclosed signing a share purchase agreement for a majority stake in France’s Neoen. This transaction, known as the “Block Acquisition,” was signed after Neoen completed its works council information and consultation process. As announced earlier, Brookfield’s offer implies an equity value of 100% of the shares of EUR 6.1 billion. In particular, Brookfield inked a share purchase agreement with Impala, the Fonds Stratégique de Participations managed by ISALT, Cartusia, Xavier Barbaro, and other shareholders to acquire approximately 53.12% of Neoen’s outstanding shares for EUR 39.85 per share. In addition, Brookfield entered into a tender
Event Summary: Annual Meeting of Shareholders for Brookfield Asset Management Ltd. (NYSE:BAM) held on June 7, 2024. Mark Carney chaired the meeting, and Kathy Sarpash acted as Secretary. Shareholders could vote on resolutions via the live webcast platform. Four items of business were considered: financial statements, election of directors, appointment of external auditor, and advisory resolution on executive compensation. All proposed resolutions were passed, and the nominated directors were elected. Hadley Peer Marshall presented an update on the company's performance and outlook. Drivers of Segment Performance: Strong financial results in the first full year as a separate publ
Brookfield Asset Management Inc (NYSE:BAM), together with its institutional partners, including Brookfield Renewable Partners L.P. (NYSE:BEP) and Temasek, through a special purpose vehicle, inked an exclusive negotiation to acquire a 53.32% shareholding in Neoen (OTC:NOSPF) for EUR 39.85 per share. Brookfield has entered into exclusive negotiations with Impala, the Fonds Stratégique de Participations managed by ISALT, Cartusiai and Xavier Barbaro, and other shareholders. Neoen is a global renewables developer with an 8,000 megawatt portfolio of wind, solar and storage assets in operation or under construction alongside a significant 20,000 megawatts advanced pipeline of development pro
JP Morgan analyst Kenneth Worthington reinstates Brookfield Asset Mgmt (NYSE:BAM) with a Neutral and raises the price target from $38 to $41.
Intel Corp (NASDAQ:INTC) is reportedly in advanced talks for a transaction in which Apollo Global Management, Inc. (NYSE:APO) would supply more than $11 billion to help the chip giant build a plant in Ireland. The two companies are in exclusive negotiations for a deal that could materialize in the upcoming weeks, barring any unexpected obstacles, according to a report from the Wall Street Journal. Previously, several other investment firms, such as KKR & Co Inc (NYSE:KKR) and Stonepeak, were also contenders until Apollo gained the lead, the report mentioned. Chief Executive Pat Gelsinger is overseeing Intel’s expansion, constructing or enhancing facilities in Arizona, Ohio, and Irel
Scotiabank analyst Mario Saric maintains Brookfield Asset Mgmt (NYSE:BAM) with a Sector Outperform and lowers the price target from $47 to $44.5.