Multiplex confirms offer from Canada’s Brookfield Asset Management

02/05/07 - newratings.com

LONDON, February 5 (newratings.com) – Australian construction and property business Multiplex Ltd (MUX1) Monday announced that it had been approached by Canada-based Brookfield Asset Management Inc for a likely stake in the company.

This offer might result in Brookfield Asset Management and the Roberts family, which already holds 25.6% of Multiplex, making an offer to acquire the rest of the company, Multiplex said in a statement. Multiplex has been troubled during recent years by the delays in its redevelopment of London's iconic Wembley Stadium.