10:02 AM EST - Brookfield Asset Management Inc. : has acquired KG Redding, a Chicago-based manager of North American and global real estate securities, for US$80 million in cash and stock. KG Redding, a six-year-old firm with $6 billion in assets under management, will operate independently as Brookfield Redding LLC under its current key executives, including founder and CEO Kim Redding. Brookfield Asset Management Inc.
shares T.BAM.A are trading down 20 cents at $33.29.
