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Brookfield Asset to buy Associated Estates Realty for $2.5 billion

    Brookfield
    1,58-1,25%
    (Reuters) - Brookfield Asset Management Inc said it had agreed to buy Associated Estates Realty Corp for about $2.5 billion in cash, including debt.

    Brookfield (BISA3.BR)Asset Management's offer of $28.75 per share is at a premium of 17.4 percent to Associated Estates' closing price on the New York Stock Exchange on Tuesday.

    (Reporting by Sneha Banerjee in Bengaluru; Editing by Simon Jennings)

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