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Brookfield Business Corporation operates as a global owner and operator of industrial and business services businesses, with Class A subordinate voting shares listed under BBUC on the NYSE and TSX. News about the company commonly covers operating and financial results, conference-call updates, dividends, annual reporting, material agreements, and capital-structure matters tied to its role as the flagship listed vehicle of Brookfield Asset Management’s Private Equity Group.
The company’s disclosed business mix includes business services, infrastructure services, industrials, and corporate activities. Its industrial operations include energy storage, engineered components manufacturing, water and wastewater operations, electric heat tracing systems, and other industrial businesses. Recent corporate-status coverage also reflects the completed simplification that made Brookfield Business Partners L.P. and the prior Brookfield Business Corporation subsidiaries of the current corporation.
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.