BBU - Brookfield Asset Management said to move ahead with spinoff - Business Insider

Brookfield Asset Management (NYSE:BAM) is expected to say it will move ahead with spinning off its investment management business, Business Insider reported Tuesday, citing three people with knowledge of the plan. In February, the company said it was considering separating the asset management unit as a separate company to simplify Brookfield's (BAM) structure and make it easier for investors to value the two companies, CEO Bruce Flatt said in his Q4 letter to shareholders. Brookfield (BAM) is scheduled to release Q1 earnings before 7:00 AM ET on Thursday and will hold a conference call at 10:00 AM the same morning. See why SA contributor Samuel Smith favors Brookfield Asset Management (BAM) over Brookfield Business Partners (BBU).

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Brookfield Asset Management said to move ahead with spinoff - Business Insider