Aug 20 (Reuters) - Brookfield Asset Management Inc BAMa.TO :
* BROOKFIELD ASSET MANAGEMENT - MACER FOREST HOLDINGS ACQUIRED & CO DISPOSED OF 7.5 MILLION COMMON SHARES IN CAPITAL OF ACADIAN TIMBER CORP
* BROOKFIELD ASSET MANAGEMENT - MACER ACQUIRED FROM CO 7.5 MILLION COMMON SHARES OF ACADIAN TIMBER AT $17.00 PER SHARE TOTALING CONSIDERATION OF ABOUT $128 MILLION IN CASH
* BROOKFIELD ASSET MANAGEMENT - ACQUIRED SHARES REPRESENT ABOUT 45% OF ISSUED AND OUTSTANDING COMMON SHARES OF ACADIAN
* BROOKFIELD ASSET MANAGEMENT - AS A RESULT OF TRANSACTION, BENJAMIN VAUGHAN RESIGNED FROM POSITION AS CHAIRMAN OF ACADIAN'S BOARD EFFECTIVE IMMEDIATELY
* BROOKFIELD ASSET MANAGEMENT - MALCOLM COCKWELL, CURRENT DIRECTOR OF ACADIAN & A PRINCIPAL OF MACER, ASSUMED ROLE OF CHAIRMAN OF ACADIAN'S BOARD