Brookfield (BPY)/BPO -- summary under Cash, units or exchangeable units
Overview
This is a second stage transaction (to make BPO wholly-owned with the exception of non-exchanging convertible preferred shareholders) occurring pursuant to a CBCA Plan of Arrangement and on essentially the same terms as the previous February 2014 offer (so that there is an option to receive exchangeable units of a subsidiary LP of BPY) except that BPO shareholders also will have the option of having their BPO shares redeemed by BPO itself for cash or BPY units.