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Brookfield Business Partners L.P.Limited Partnership Units - BBU STOCK NEWS

Welcome to our dedicated page for Brookfield Business Partners L.P.Limited Partnership Units news (Ticker: BBU), a resource for investors and traders seeking the latest updates and insights on Brookfield Business Partners L.P.Limited Partnership Units stock.

Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN) is a global leader in business services and industrial operations. The company focuses on owning and operating high-quality businesses that provide essential products and services, benefiting from strong competitive positions. As the flagship listed vehicle of Brookfield Asset Management's Private Equity Group, Brookfield Business Partners has a diverse portfolio catering to multiple industries, including business services, infrastructure services, and industrial sectors.

One of the company's core strengths lies in its diversified portfolio, which includes significant investments in the United Kingdom, United States, Europe, Australia, Canada, Brazil, Mexico, and various other countries. Through these investments, Brookfield Business Partners aims to create long-term value for its shareholders by operating businesses that are low-cost producers and benefit from high barriers to entry.

Recent achievements highlight Brookfield Business Partners' commitment to growth and innovation. For instance, the company is a key investor in Everise, a leading global healthcare services outsourcing company. This partnership is set to accelerate Everise's expansion and market reach, further solidifying Brookfield Business Partners' role in the healthcare sector. Additionally, the company's subsidiary, Clarios, has secured a significant supplier contract for its new high-performance AGM battery, which aims to reduce fuel consumption and CO2 emissions in vehicles.

Brookfield Business Partners is not just about financial growth; it also emphasizes sustainability and innovation. Their ongoing projects and investments are geared towards creating sustainable and efficient solutions across various industries. With a strong financial backbone supported by Brookfield Asset Management, the company is well-positioned to capitalize on emerging opportunities and deliver consistent performance.

For more information about Brookfield Business Partners and their latest updates, visit their official website at bbu.brookfield.com.

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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.

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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.

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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.

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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.

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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.

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Brookfield Business Partners L.P. (NYSE: BBU) has announced a normal course issuer bid to repurchase up to 5% of its outstanding units, totaling approximately 3.93 million units. This bid, approved by the TSX, aims to acquire units that may not reflect their full value. The buyback will begin on August 17, 2021, and continue until August 16, 2022. In the previous bid, the company repurchased 1.73 million units at an average price of $33.99. All repurchased units will be canceled, following compliance with relevant securities laws.

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Brookfield Business Partners L.P. (NYSE: BBU) reported strong financial results for Q2 2021, with a net income loss of $15 million, an improvement from $109 million in Q2 2020. Company FFO reached $356 million, up from $173 million year-over-year. EBITDA increased to $381 million, driven by growth in Business Services and Industrials segments. The company plans to enhance investor appeal through a new corporate structure and announced three significant acquisitions, including Modulaire Group for $5 billion. Liquidity stands at $2.6 billion, positioning the firm for further growth.

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Brookfield Business Partners (BBU) has announced plans to create a Canadian corporation named Brookfield Business Corporation (BBUC), aimed at enhancing investor flexibility and attracting new investors. BBU plans to distribute class A shares of BBUC to existing unitholders, akin to a unit split, but with no change to cash flows or net asset value. Each unitholder will receive one BBUC class A share for every two BBU units held. The expected annual distribution remains at $0.25 per unit, with a similar dividend for BBUC shares, increasing total distributions by 50% post-distribution. BBUC aims to apply for listings on NYSE and TSX.

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KPS Capital Partners has agreed to sell its portfolio company, DexKo Global Inc., to Brookfield Business Partners L.P. for $3.4 billion. DexKo, a leading supplier of chassis technology with over 130 years of experience, has been transformed under KPS' ownership, completing 15 acquisitions and investing over $600 million to enhance its market position. The transaction is subject to customary closing conditions. Brookfield aims to support DexKo's future growth following its significant development and profitability achieved during KPS' ownership.

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Brookfield Business Partners (NYSE:BBU) has agreed to acquire DexKo Global Inc. for $3.4 billion, enhancing its industrials operations. DexKo is a leading manufacturer of engineered components for trailers and recreational vehicles, with a presence in North America, Europe, and Australia. The acquisition aims to leverage DexKo's robust market position and cash flow generation capabilities, alongside operational improvement opportunities. Funding includes approximately $1.1 billion of equity, with Brookfield Business Partners investing around $400 million. The transaction is expected to close by the end of 2021.

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FAQ

What is the current stock price of Brookfield Business Partners L.P.Limited Partnership Units (BBU)?

The current stock price of Brookfield Business Partners L.P.Limited Partnership Units (BBU) is $26.05 as of December 2, 2024.

What is the market cap of Brookfield Business Partners L.P.Limited Partnership Units (BBU)?

The market cap of Brookfield Business Partners L.P.Limited Partnership Units (BBU) is approximately 1.9B.

What does Brookfield Business Partners L.P. do?

Brookfield Business Partners L.P. is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services.

Where does Brookfield Business Partners operate?

The company operates in various regions including the United Kingdom, United States, Europe, Australia, Canada, Brazil, Mexico, and other countries.

What are the main segments of Brookfield Business Partners?

The main segments include Business Services, Infrastructure Services, Industrials, and Corporate and other.

What is the company's ticker symbol?

The ticker symbols are NYSE: BBU and TSX: BBU.UN.

Who are some notable partners of Brookfield Business Partners?

Notable partners include Everise, a leading global healthcare services outsourcing company, and Clarios, a producer of advanced energy storage solutions.

What is the role of Brookfield Asset Management in relation to Brookfield Business Partners?

Brookfield Business Partners is the flagship listed vehicle of Brookfield Asset Management's Private Equity Group.

How does Brookfield Business Partners contribute to sustainability?

The company focuses on creating sustainable and efficient solutions across various industries, emphasizing long-term value creation.

What recent achievements has Brookfield Business Partners made?

Recent achievements include significant investments in Everise and securing a major supplier contract for Clarios' new AGM battery.

Where can I find more information about Brookfield Business Partners?

More information can be found on their official website: https://bbu.brookfield.com.

How does Brookfield Business Partners ensure long-term value for shareholders?

By operating businesses that are low-cost producers with high barriers to entry and focusing on essential products and services, Brookfield Business Partners aims to create long-term value for its shareholders.

Brookfield Business Partners L.P.Limited Partnership Units

NYSE:BBU

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1.91B
71.34M
3.96%
79.16%
0.1%
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