11:22 AM EST - Brookfield Asset Management Inc. : has struck a deal to acquire forestry products company Longview Fibre Co. for US$2.15 billion, including assumed debt. The Toronto-based conglomerate said Monday it will pay US$24.75 a share, representing an 18 per cent premium to the latest trading price for Longview, which is also a real estate investment trust. Brookfield already owns about 4.6 percent of Longview. With the transaction, Brookfield will acquire 235,000 hectares of timberland in Washington and Oregon. In addition, Brookfield will acquire one of the largest pulp and paper complexes in North America at Longview, Wash., and a network of 15 corrugated container plants in 12 states. Brookfield Asset Management Inc.
shares T.BAM.A are trading up 19 cents at $57.96.
