A History of Rouse

A History of Rouse

Rouse Properties announced that, upon the unanimous approval of the Special Committee of its Board of Directors, it has entered into a definitive agreement to be acquired by an affiliate of Brookfield Asset Management Inc. for $18.25 per share in an all-cash transaction.

Under the terms of the agreement, Brookfield will acquire all of the outstanding shares of Rouse’s common stock, other than those shares currently held by Brookfield Property Partners L.P. and its affiliates, in a transaction valued at approximately $2.8 billion, including Rouse’s indebtedness. The purchase price represents a premium of approximately 35 percent over Rouse’s closing stock price on January 15, 2016, the last trading day prior to Brookfield’s announcement of a proposal to acquire Rouse, and an increase of $1.25 per share from the $17.00 price originally proposed by Brookfield on January 16, 2016.

It's the latest chapter in a long saga for the company, which has existed in one form or another since the 1950s. 

Below, you can find a timeline charting the firm's trajectory over the past 65 years.

TAGS: News
Hide comments


  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.