BHS Brookfield Homes Corp

Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Brookfield Homes Corporation (“Brookfield Homes” or the “Company”) (NYSE:BHS) related to the Company’s agreement to merge with the North American residential land and housing division of Brookfield Office Properties into Brookfield Residential Properties Inc. (“Brookfield Residential”). The proposed transaction is valued at approximately $1 billion.

Under the terms of the definitive agreement entered into by the parties, Brookfield Homes stockholders will receive 0.764900530 common shares of Brookfield Residential, plus a cash amount in lieu of fractional shares, for each share they own of Brookfield Homes common stock. A special committee of Brookfield Homes’ board of directors has unanimously recommended that the board approve the proposed transaction. The investigation concerns possible breaches of fiduciary duty and other violations of law related to consideration of the proposed transaction by the Brookfield Homes board of directors.

If you are a shareholder of Brookfield Homes, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020, by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

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