Brookfield has acquired Edmonton-based Gregg Distributors for $1.6-billion, as reported by The Globe And Mail. The deal marks a significant expansion for Brookfield, though specific operational details regarding the transaction were not immediately available.

Transaction Details

The acquisition involves the purchase of Gregg Distributors, a company based in Edmonton. The deal value stands at $1.6-billion. Further information regarding the nature of the partnership or the duration of any associated agreements was not provided in the source material.

Key Information

The transaction highlights Brookfield's continued investment activity. No additional financial metrics or regulatory references were disclosed in the initial report.

Brookfield Wealth Solutions received shareholder approval for a transaction to simplify its corporate structure at its annual general and special meeting on July 16, 2026. Upon completion, Brookfield Wealth Solutions Ltd. will be delisted and Brookfield Corporation Ltd. will become the new parent entity of the group, listed on the TSX and NYSE under the symbol "BN". The transaction is expected to close by year-end, subject to customary conditions and receipt of all applicable regulatory approvals.

All five nominees proposed for election to the board of directors by holders of Class A exchangeable limited voting shares and all five nominees proposed by the holder of Class B limited voting shares were elected at the meeting. The votes for the Class A nominees ranged from 96.82% to 99.77%, while the Class B nominees received 100% of the votes cast.

Class A Share Voting Results

Management received proxies from holders of Class A Shares regarding the election of the five directors nominated by this shareholder class. The detailed results are as follows:

Class B Share Voting Results

Management received a proxy from the holder of Class B Shares to vote all 36,000 Class B Shares for each of the five directors nominated by this shareholder class. The results are as follows:

All other matters put forth at the meeting were approved by shareholder vote. A summary of all votes cast by holders of the Class A Shares and Class B Shares represented at the meeting is available on EDGAR at www.sec.gov/edgar or SEDAR+ at www.sedarplus.ca .