Brookfield Asset Management acquires 62% of Oaktree Capital

Brookfield Asset Management Inc. acquires a controlling interest in Oaktree Capital Management, ending the management of the credit company in six years as a public company.

Brookfield will purchase approximately 62% of Oaktree's business, acquiring all outstanding shares of its publicly traded common stock for $ 49 in cash, or 1.077 Brookfield shares. The transaction represents a premium of 12% over Oaktree's closing price on Tuesday, the two companies said.

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