Brookfield Asset to buy Associated Estates Realty for $2.5 bln

Wed Apr 22, 2015 9:30am EDT
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April 22 (Reuters) - Brookfield Asset Management Inc said it had agreed to buy Associated Estates Realty Corp for about $2.5 billion in cash, including debt.

Brookfield Asset Management's offer of $28.75 per share is at a premium of 17.4 percent to Associated Estates' closing price on the New York Stock Exchange on Tuesday. (Reporting by Sneha Banerjee in Bengaluru; Editing by Simon Jennings)