Apr 23, 2007. /Lesprom Network/. Brookfield Asset Management Inc. and Longview Fibre Company announced on April 20 the completion of Brookfield's acquisition of Longview for approximately $2.15 billion including assumed debt. Under the terms of the merger agreement, Brookfield acquired all outstanding shares of Longview common stock for $24.75 per share. Longview common stock will cease trading at the close of market today and will no longer be listed on the New York Stock Exchange. With the closing of this transaction, Longview is now a wholly-owned subsidiary of Brookfield. With this transaction, Brookfield has acquired 588 000 acres of prime, freehold timberlands in Washington and Oregon, the heart of the Pacific Northwest, establishing Brookfield as one of the top five timberlands owners and operators in North America with a total of 2.6 million acres of prime freehold timberlands under management. The high value species, excellent growth rates and significant standing timber inventories make these timberlands among the most valuable in the world. In addition, Brookfield has acquired an integrated manufacturing operation that produces specialty papers and containers. Brookfield Asset Management Inc, focused on property, power and infrastructure assets, has over $50 billion of assets under management and is co-listed on the New York and Toronto Stock Exchanges under the symbol BAM. For more information, please visit Brookfield's website at www.brookfield.com. Longview Fibre Company is a real estate investment trust (REIT) engaged in the ownership and management of 588 000 acres of softwood timberlands predominantly located in western Washington and Oregon, and manufactures specialty paper and containers through a wholly-owned subsidiary.