Reuters
(Reuters) -Canada's Brookfield Asset Management said on Friday it would buy payments provider Network International for 2.2 billion pounds ($2.76 billion) in cash, as it expands its payments business in the Middle East and Africa. The 400 pence-per-share offer represents a premium of about 64% to United Arab Emirates-based Network International's closing price on April 12, the last business day prior to the start of the offer period. Brookfield made the 400-pence offer in April, topping a 387-pence joint offer from private equity firms CVC Capital and Francisco Partners.