BROOKFIELD ASSET MANAGEMENT LTD

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Shares of Brookfield Asset Management Ltd. BAM inched 0.81% higher to C$54.53 Tuesday, in what proved to be an otherwise all-around down trading session for the Canadian market, with the S&P/TSX Composite Index falling 0.07% to 22,243.34. Brookfield Asset Management Ltd. closed C$3.66 below its 52-week high (C$58.19), which the company reached on March 21st. Trading volume of 937,612 shares remained below its 50-day average volume of 1.0 M.

Intel Corp's stock (INTC) was up by 0.9% in premarket trading on Monday after The Wall Street Journal reported it's in talks with Apollo Global Management Inc. (APO) to line up $11 billion for construction of a new chip plant in Ireland. The deal could be finalized within weeks after Apollo outpaced rival firms such as Stonepeak and KKR & Co Inc. (KKR) for the deal, the report said. Apollo's High Grade Capital Solutions unit is leading the deal for Apollo. The new plant is part of Intel's plan to meet increased demand for chips. The potential deal with Apollo comes after Brookfield Asset Management Ltd. (BAM) inked a $30 billion deal with Intel in 2022 for a chip-making plant in Chandler, Ariz. Intel was to have a controlling stake in the Arizona plant.

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Brookfield Asset Management Ltd. BAM shed 0.66% to C$54.35 Friday, in what proved to be an all-around poor trading session for the Canadian market, with the S&P/TSX Composite Index falling 0.30% to 22,308.93. Brookfield Asset Management Ltd. closed C$3.84 short of its 52-week high (C$58.19), which the company achieved on March 21st. Trading volume of 752,317 shares remained below its 50-day average volume of 1.1 M.