Brookfield Business Partners Stock Price, News & Analysis

Brookfield Business Partners invites stakeholders to its 2022 Third Quarter Conference Call on November 4, 2022, at 9:30 a.m. ET. The call will cover the company's results and current initiatives following the results release before 8:00 a.m. ET on the same day. Interested participants can register for the conference call to receive a unique dial-in number, and a webcast will also be available. Brookfield Business Partners focuses on operating high-quality businesses and offers flexible investment options through its partnership and corporation.

Brookfield Business Partners announced the sale of its nuclear technology services operation, Westinghouse Electric Company, to a consortium led by Cameco Corporation for approximately $8 billion. This transaction, expected to close in the second half of 2023, follows Westinghouse's successful turnaround since its acquisition in 2018, with profitability nearly doubling. Brookfield anticipates generating about $1.8 billion from its 44% stake and projected proceeds will yield a 60% IRR. The transaction awaits unitholder approval and regulatory conditions.

Nielsen Holdings plc (NYSE: NLSN) announced the completion of its sale to a private equity consortium led by Evergreen Coast Capital and Brookfield Business Partners for approximately $16 billion. Shareholders will receive $28 per share in cash. Following this transaction, Nielsen shares will cease trading on the NYSE as of October 12, 2022. CEO David Kenny expressed optimism for Nielsen's future as a private company, aiming to enhance its Nielsen ONE strategy amidst a growing media landscape.

Nielsen Holdings plc (NYSE: NLSN) reported on September 7, 2022, that its cash tender offers and consent solicitations received substantial participation, with over 92% of holders consenting for various Senior Notes. The Offerors executed supplemental indentures to amend 'Change of Control' provisions, facilitating an acquisition agreement. Consummation of the tender is contingent upon achieving acquisition goals, expected in October 2022. Notably, the Change of Control Offer has been terminated following requisite consents. All terms in the original Offer remain effective.

Brookfield Business Partners L.P. (NYSE: BBU) announced its intention to renew its normal course issuer bid to repurchase up to 5% of outstanding units, totaling 3,730,593 units. This follows a previous bid where 3,928,914 units were repurchased at an average price of US$35.44. The new repurchases will commence on August 17, 2022, and will terminate on August 16, 2023. An automatic purchase plan will also be established to allow purchases during internal trading blackouts. Brookfield aims to utilize available funds to enhance shareholder value if units are undervalued.

Brookfield Business Partners (NYSE: BBU; TSX: BBU.UN) reported strong financial results for the quarter ending June 30, 2022, with net income of $143 million, up from a loss of $15 million in the previous year. Adjusted EBITDA increased to $543 million, driven by contributions from all operational segments. The firm completed three acquisitions, including CDK Global for $8.5 billion and La Trobe Financial for $1 billion. With $3.1 billion in liquidity, Brookfield also announced a quarterly distribution of $0.0625 per unit, payable on September 29, 2022.

Brookfield Business Partners will host its 2022 Second Quarter Conference Call and Webcast on August 5, 2022, at 10:00 a.m. ET. The results will be released prior to 8:00 a.m. ET on the same day. This event allows investors to hear directly from senior management about the company's performance and initiatives. Participants can join via conference call or webcast by registering in advance. More details can be found on Brookfield's official website.

Brookfield Business Partners (NYSE: BBU; TSX: BBU.UN) reported Q1 2022 financial results, with a net income of $28 million ($0.18 per unit), down significantly from $530 million ($3.57 per unit) in Q1 2021. Adjusted EBITDA rose to $506 million, up from $387 million the previous year, driven by growth in Industrials, Infrastructure Services, and Business Services segments. The company announced new investments totaling approximately $1.6 billion and completed the formation of Brookfield Business Corporation (BBUC). A quarterly distribution of $0.0625 per unit was declared for June 30, 2022.

Brookfield Business Partners will host its 2022 First Quarter Conference Call on May 6, 2022, at 11:00 a.m. Eastern Time. The call aims to discuss quarterly results and ongoing business initiatives with senior management.

Details regarding the financial results will be released prior to the call at 8:00 a.m. on the same day and can be accessed via their official website. Participants can join the call by dialing the provided numbers or through a live audio webcast.