Brookfield Affiliate to Acquire Associated Estates for $28.75 per Share in Cash

http://www.prnewswire.com/news-releases/brookfield-affiliate-to-acquire-associated-estates-for-2875-per-share-in-cash-300070152.html

Background to the activism (from HFS’ daily activist report):

11/17/2014 Land and Buildings announced plans to nominate 7 people to AEC's board

1/26/2015 Land and Buildings announced it will hold a conference call on January 28 11am EST with 2 of the 7 directors it has nominated to the board 800-745-8951

1/28 Land and Buildings issued a presentation highlighting opportunities to unlock value at AEC

2/9 Land and Buildings sent a letter to the Chair and CEO of AEC commenting on its recent meeting

2/27 Land and Buildings issued a press release calling for real change and highlighting the potential upside for shareholders under a reconstituted board

3/12 Land and Buildings announced it was nominating three candidates to the board

4/8 Land and Buildings sent a letter to AEC shareholders highlighting why change is necessary and seeking support for its three director nominees

4/15 Land and Buildings issued a letter calling for a re-balancing of the board in favor of shareholders' interests  

4/22 AEC announced a deal to be sold to Brookfield Asset Management for $28.75/share 

For a free 1 month trial to the daily activist report contact Troy Marchand at tmarchand@hedgerelations.com