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Trizec Canada Inc. and Trizec Properties, Inc. have been acquired by Brookfield Properties Corporation in a transaction valued at US$8.9 billion, including assumption of US$4.1 billion of debt.  Under the terms of the agreement, Brookfield acquired all outstanding shares of Trizec Properties that are not owned by Trizec Canada for US$29.01 per share in cash and all outstanding shares of Trizec Canada for US$30.97 (CDN$34.09) per share in cash.  Brookfield is joined in the transaction by The Blackstone Group.

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2006