Alstria surges on 3.5 bln euro bid from Brookfield

Alstria Office REIT AG

04/11/2021 08:05

** Shares in Alstria Office  AOXG.DE  are up 18% after the
German real estate company announced a takeover bid from
Brookfield  urn:newsml:reuters.com:*:nASN001UGV
    ** The company says Brookfield Asset Management  BAMa.TO 
announced a takeover offer for almost 3.5 billion euros ($4.1
billion) for Alstria
    ** The Canada-based company offers 19.50 euros per share and
is aiming for a majority stake of more than 50%
    ** "Management and supervisory board of Alstria welcome
Brookfield's offer and believe that the transaction is in the
interest of the company," the company says
    ** In July, Alstria's stock fell 2.3% after denying M&A
talks with Brookfield
    ** In addition, the company reported higher Q3 net income 
and lifted its 2021 guidance late on Wednesday  urn:newsml:reuters.com:*:nFWN2RU1ZF
    ** "Looks solid on first glance (...) shares rose 2%
after-hours," a local trader says on Q3 results



($1 = 0.8642 euros)

 (Reporting by Bartosz Dabrowski in Gdansk)
 ((bartosz.dabrowski@thomsonreuters.com; +48 58 7696560;))