Brookfield Business Partners Stock Price, News & Analysis

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.

BROOKFIELD, News, April 25, 2022 – Brookfield Business Partners L.P. (NYSE: BBU) has filed its 2021 annual report on Form 20-F with the SEC and Canadian securities authorities. The report includes audited financial statements for the year ending December 31, 2021, available on their website. Brookfield Business Partners focuses on owning and operating high-quality businesses essential for economic growth. Investors can choose to invest through either the limited partnership or the corporation. Brookfield Asset Management oversees approximately $690 billion in assets.

Brookfield Business Partners has announced its agreement to acquire CDK Global for $54.87 per share, valuing the transaction at approximately $8.3 billion. CDK Global, which generates $1.7 billion in annual revenue, provides technology and software solutions crucial for automotive dealerships. The acquisition aims to enhance Brookfield's technology footprint and leverage CDK's strong market position. Funding will comprise $3.5 billion in equity, with Brookfield Business Partners investing about $500 million. The transaction is subject to customary closing conditions and expected to close in Q3 2022.

On March 29, 2022, Brookfield Business Partners (NYSE: BBU) announced a partnership to acquire Nielsen Holdings plc (NYSE: NLSN) in an all-cash deal valued at approximately $16 billion. Nielsen, a leader in audience measurement and analytics, generates $3.5 billion in annual revenue, providing essential data for the advertising industry. Brookfield plans to invest $2.65 billion via preferred equity, gaining 45% common equity in Nielsen. The transaction, expected to close in H2 2022, is subject to customary conditions.

Nielsen Holdings has announced its acquisition by a private equity consortium led by Evergreen Coast Capital and Brookfield Business Partners for $28 per share, totaling approximately $16 billion. This deal reflects a 60% premium over Nielsen's stock price prior to acquisition speculation. A 45-day go-shop period allows for alternative bids. The Board unanimously supports the acquisition, highlighting its potential to reinforce Nielsen's position in the media industry. The transaction awaits shareholder and regulatory approvals, expected to close in the second half of 2022.