Brookfield
Asset Management will pay a premium in cash to acquire Associated
Estates Realty Corp. (NYSE: AEC) in a transaction valued at approximately $2.5
billion including the assumption of debt. Shares of the real estate investment trust leaped $4.01 to close at $28.49.
Brookfield Asset to buy Associated Estates Realty
April 22, 2015 at 10:44 AM EDT
