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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Brookfield Asset Management    BAM.A   CA1125851040

BROOKFIELD ASSET MANAGEMENT (BAM.A)
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Toshiba will sell Westinghouse for $4.6bn

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01/06/2018 | 01:28am CEST

Mubasher: A subsidiary of Canada’s Brookfield Asset Management plans to acquire Westinghouse Electric for $4.6 billion, as reported by Reuters.

Westinghouse is a bankrupt nuclear services company owned by Toshiba Corp.

In a statement issued on Thursday, Brookfield Business Partners revealed it would use $1 billion of equity and $3 billion of long-term debt financing to complete the acquisition.

This will be the first time Brookfield enters into the nuclear power activity.

The deal is expected to close in the third quarter but will require approval from regulators and the US Bankruptcy Court, the news agency noted.

Source: Mubasher

(c) 2018 All Rights Reserved - Mubasher Info 2005 - 2017 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
BROOKFIELD ASSET MANAGEMENT 2.05% 57.2 Delayed Quote.4.53%
BROOKFIELD BUSINESS PARTNERS LP -1.03% 44 Delayed Quote.27.46%
TOSHIBA CORP 0.00% 334 End-of-day quote.3.09%
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Financials ($)
Sales 2018 24 986 M
EBIT 2018 5 982 M
Net income 2018 -
Debt 2018 -
Yield 2018 1,35%
P/E ratio 2018 42,72
P/E ratio 2019 24,00
Capi. / Sales 2018 1,70x
Capi. / Sales 2019 1,41x
Capitalization 42 425 M
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Number of Analysts 4
Average target price 45,8 $
Spread / Average Target 3,4%
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Managers
NameTitle
James Bruce Flatt Chief Executive Officer & Director
Frank J. McKenna Chairman
Lori Pearson Chief Operating Officer & Senior Managing Partner
Brian Douglas Lawson Chief Financial Officer & Senior Managing Partner
Jeffrey Miles Blidner Director & Vice Chairman
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