It’ s not surprising that many are confused
) is a giant international conglomerate with $850 billion in assets. It can trace its roots back over a century. Its businesses include asset management, real estate, renewable energy, infrastructure, insurance, and more.
Several years ago, the company began to spin off some of its operations into separate units, partially owned by the parent company and partially by outside investors. That led to the creation of). Some of these spin-offs became popular with investors, others not so much. The moves raised more equity capital for the company to reinvest, and eventually won market acceptance.
In short, the new BAM was a more tightly focused company. If you owned 100 shares of the old BAM, you now owned 100 shares of BN plus 25 shares of the new BAM after the distribution.
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