Feb 25 (Reuters) - Rouse Properties Inc RSE.N :
* Enters into definitive agreement to be acquired by an affiliate of Brookfield
Asset Management for $18.25 per share in cash
* Says deal valued at about $2.8 billion
* Says purchase price represents a premium of approximately 35% over rouse's
closing stock price on January 15, 2016
* Says will not declare its regular quarterly dividend during the pendency of
the transaction
* Says special committee of the board of directors of Rouse has unanimously
approved the merger agreement
* Bpy,affiliates, representing about 33% of outstanding shares of Rouse, have
agreed to vote in favor of the transaction
* Current purchase price is increase of $1.25 per share from the $17.00 price
originally proposed by Brookfield on January 16, 2016
* In light of pending deal with brookfield,will not host earnings conference
call for q4,fy 2015 results or provide financial guidance
* Source text for Eikon ID:nBw7zvKdha
* Further company coverage RSE.N