Weil Guides Brookfield In $366M Merger With Texas REIT

Law360, New York (July 26, 2012, 5:29 PM EDT) -- Verde Realty, a Houston-based real estate investment trust focused on industrial distribution properties, has agreed to merge with a fund of private equity-backed Brookfield Asset Management Inc. in a deal valued up to $366 million, the companies announced Thursday.

The definitive merger agreement with a Brookfield Property Group fund proposes to give Verde shareholders $12.85 per share and the resulting entity will keep the Verde name, the companies said.

Brookfield needs to pick up at least 55 percent of the REIT's shares for the deal to...
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