Brookfield could buy back $40B in shares over next decade

Brookfield Asset Management expects to buy back as much as $40 billion in shares in the next decade. During a third-quarter earnings call on Thursday, the company said it expects to bring in $60 billion in the next 10 years. But the opportunities to spend the capital will likely be “outstripped” by the anticipated volume of cash, CEO Bruce Flatt said. Brookfield expects to spend roughly $10 billion in the next decade and will likely […]

Source: Real Estate

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