Brookfield completes $24.75 per share acquisition of Longview Fibre

By Lisa Kerner

Charlotte, N.C., April 20 - Brookfield Asset Management Inc. completed its $2.15 billion acquisition of Longview Fibre Co., giving Brookfield some 588,000 acres of prime, freehold timberlands in Washington and Oregon.

The agreement called for Brookfield to acquire all the outstanding shares of Longview for $24.75 per share cash.

Brookfield plans to operate the specialty paper and packaging business under the Longview Fibre name.

On April 19, Longview Fibre shareholders approved the Feb. 2 agreement and plan of merger with Longview, Brookfield Asset Management and its subsidiary Horizon Acquisition Co.

Longview is a real estate investment trust based in Longview, Wash.

Brookfield is a publicly owned asset management holding company located in Calgary, Alta.

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