Brookfield Business Partners Stock Price, News & Analysis

Brookfield Business Partners L.P. (BBU) has successfully completed the establishment of Brookfield Business Corporation (BBUC), effective March 15, 2022. Each BBU unitholder received one class A exchangeable subordinate voting share of BBUC for every two BBU units held. This strategic move enhances their investment flexibility and aims to improve index inclusion, potentially broadening the ownership base. BBU unitholders now collectively own 35.3% of BBUC's shares. The shares have begun trading on both the Toronto and New York Stock Exchanges under the symbol 'BBUC'.

BROOKFIELD, NEWS, March 1, 2022 (GLOBE NEWSWIRE) -- Brookfield Business Partners L.P. (BBU) has finalized its prospectus for a special distribution of class A exchangeable subordinate voting shares of Brookfield Business Corporation (BBUC). This special distribution is similar to a unit split, without altering cash flows or net asset value. Trading will occur under specific designations from March 4 to March 14, 2022, with shares officially trading under their respective symbols starting March 15, 2022.

Brookfield Business Partners L.P. (BBU) has announced a special distribution of class A exchangeable subordinate voting shares (Shares) of Brookfield Business Corporation (BBUC), scheduled for March 15, 2022. The distribution is equivalent to a unit split and will see BBU unitholders receiving one Share for every two BBU units held, without impacting net asset value or cash flows. BBUC aims to align dividends with BBU distributions, targeting a $0.25 annual dividend per Share. Trading for these Shares will begin March 4, 2022, with conditional NYSE and TSX listings approved for BBUC.

Brookfield Business Partners L.P. reported robust financial results for 2021, showing a net income of $643 million, translating to $3.28 per unit, compared to a net loss of $169 million in 2020. Adjusted EBITDA rose to $1,761 million from $1,384 million the previous year, driven by strong performance across Business Services, Industrials, and Infrastructure Services segments. The company also acquired six new businesses, committing $2.2 billion in capital, and plans to fund future growth through a $1 billion preferred equity offering. A quarterly distribution of $0.0625 per unit was declared, payable on March 31, 2022.

Brookfield Business Partners invites participants to its 2021 Fourth Quarter Conference Call & Webcast on February 4, 2022, at 11:00 a.m. ET. Results will be released that morning before 8:00 a.m. ET and can be accessed via their website. The call will include discussions of financial performance and business initiatives, with dial-in options provided for attendees. Brookfield Business Partners is a leader in the business services and industrial sectors, part of Brookfield Asset Management, which manages approximately $650 billion in assets.

BROOKFIELD, NEWS, Nov. 05, 2021 -- Brookfield Business Partners L.P. (NYSE: BBU) reported a robust third quarter for the period ending September 30, 2021. The company achieved a net income of $87 million, contrasting a loss of $19 million in the prior year. Adjusted EBITDA rose to $443 million from $381 million. The firm is set to acquire Scientific Games Lottery for $5.8 billion and has completed acquisitions of DexKo Global for $3.4 billion and Aldo for $104 million. The Board declared a quarterly distribution of $0.0625 per unit, payable on December 31, 2021.

Scientific Games Corporation (SGMS) announced a definitive agreement to sell its Lottery business to Brookfield Business Partners (BBU) for $6.05 billion, comprising $5.825 billion in cash and a potential earn-out of $225 million based on EBITDA targets. The sale is expected to close in Q2 2022, pending regulatory approvals. This strategic move aims to optimize SGMS's portfolio and reduce debt, allowing for future investments. The Lottery business is a global leader, powering 69% of instant lottery sales. This transaction is viewed as a milestone towards SGMS's vision to become a leading cross-platform global game company.

BROOKFIELD, NEWS, Oct. 27, 2021 – Brookfield Business Partners L.P. (NYSE:BBU) has announced an agreement to acquire Scientific Games Corporation’s global lottery services and technology business for approximately $5.8 billion. This acquisition enhances Brookfield's position in the lottery ecosystem and builds on Scientific Games Lottery's long-standing relationships with around 130 lottery entities globally. The investment will be funded with $2.6 billion in equity, supported by existing liquidity and institutional partners, with an expected closing in Q2 2022, pending regulatory approvals.

Brookfield Business Partners will host its 2021 Q3 Conference Call and Webcast on November 5, 2021, at 11:00 a.m. ET. The call will cover their results and business initiatives. Results will be available before 8:00 a.m. ET on the same day at their website. Participants can dial +1 (866) 688-9431 for the call or join via the webcast. An archived replay will be accessible until November 11, 2021. Brookfield Business Partners, listed on TSX and NYSE under ticker BBU, focuses on operating high-quality businesses with barriers to entry.