Published on 11 May 2022 on Benzinga via Yahoo Finance
Brookfield Asset Management Nears One Of 2022's Biggest Take-Privates In UK: Bloomberg
Brookfield Asset Management Inc (NYSE: BAM) is nearing a takeover of UK-based emergency household repairs provider HomeServe Plc, reported Bloomberg.According to people familiar with the matter, the deal would be one of the U.K.’s largest take-private transactions this year.The deal is set to value HomeServe plc (OTC: HMSVF) at about $5 billion. Brookfield is working on the final transaction terms and could reach an agreement in the coming days, as per the people close to the matter.According to the people, deliberations are ongoing and could still be delayed or falter. Representatives for Brookfield and HomeServe declined to comment.Brookfield said in March that it was exploring a takeover of HomeServe.Brookfield has until May 19 to make a firm offer for HomeServe.Founded in 1993, HomeServe provides repair, maintenance, and installation services for plumbing, heating, and electrical systems to households across the U.K., the U.S., and parts of Europe.It also offers a range of insurance products to homeowners.Price Action: BAM shares closed 0.02% higher at $47.16 during after-hours trading on Tuesday.Photo by Capri23auto from Pixabay
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