BROOKFIELD BUSINESS CORP Stock Price, News & Analysis

On April 20, 2023, Clarios Global LP announced the pricing of $750 million in senior secured notes with a 6.750% coupon, up from a previously planned $500 million. Additionally, the Company increased its new term loan facility from $1 billion to $2.75 billion, maturing in May 2030 at a margin of SOFR plus 3.75%. The total refinancing amounts to $3.5 billion and is aimed at extending the capital structure's maturity without raising overall borrowing costs significantly. Closing is expected on May 4, 2023. Proceeds will repay existing loans maturing April 2026. Clarios, owned by Brookfield Business Partners, focuses on advanced energy storage solutions.

BROOKFIELD, NEWS, March 17, 2023 (GLOBE NEWSWIRE) -- Brookfield Business Corporation (BBUC) has filed its 2022 annual report on Form 20-F with the SEC and Canadian securities authorities. This includes audited financial statements for the year ending December 31, 2022. The reports are also accessible on their official website. Brookfield Business Partners, the flagship of Brookfield Asset Management, which oversees approximately $800 billion in assets, focuses on owning and operating high-quality businesses providing essential services. Shareholders can request a free hard copy of the report.

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 announced the expiration of its cash tender offers for various senior notes, which took place on October 5, 2022. The company accepted tenders from holders of its 5.000% Senior Notes due 2025, 5.625% Senior Notes due 2028, 4.500% Senior Notes due 2029, 5.875% Senior Notes due 2030, and 4.750% Senior Notes due 2031. The total principal amount accepted for purchase reached nearly $3.6 billion, with settlement scheduled for October 11, 2022. This completes their financial strategy to manage outstanding debt effectively.

Nielsen Holdings announced that its shareholders approved a definitive agreement for acquisition by a private equity consortium consisting of Evergreen Coast Capital and Brookfield Business Partners. The all-cash transaction is valued at $28.00 per share, totaling approximately $16 billion. Completion of the deal is anticipated for October 2022, pending customary closing conditions including regulatory approvals. Following the acquisition, Nielsen shares will be delisted from the New York Stock Exchange, and the company will transition to a private entity.

BROOKFIELD, NEWS, Aug. 12, 2022 – Brookfield Business Corporation (NYSE, TSX: BBUC) announced the Toronto Stock Exchange's acceptance of its normal course issuer bid to repurchase up to 5% of its outstanding Class A exchangeable subordinate voting shares, amounting to 3,647,810 shares. Starting August 17, 2022, purchases will occur on the TSX and NYSE, and shares acquired will be canceled. The plan allows the company to buy 13,916 shares per day based on trading volume. An automatic purchase plan will start around September 26, 2022, to enhance share repurchases.

Nielsen Holdings plc (NYSE: NLSN) has postponed its court and special meetings of shareholders initially scheduled for today. The meetings aimed to vote on proposals regarding its acquisition by a private equity consortium led by Evergreen Coast Capital and Brookfield Business Partners. The delay will enable the consortium to finalize a preliminary agreement with WindAcre Partnership, which holds about 27% of Nielsen's shares, to receive $28 per share for its remaining shares. The Board of Directors still recommends shareholder approval of the acquisition.

BROOKFIELD, March 29, 2022 (GLOBE NEWSWIRE) -- Brookfield Business Corporation (NYSE, TSX: BBUC) has filed its 2021 annual report on Form 20-F with the SEC, including audited financial statements for the year ended December 31, 2021. These documents are accessible on the company's website and will be provided free of charge to shareholders upon request. Brookfield Business Partners focuses on owning high-quality businesses in essential products and services, providing investors with flexible investment options through BBUC or Brookfield Business Partners L.P. (NYSE: BBU).

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.