Welcome to our dedicated page for BROOKFIELD BUSINESS news (Ticker: BBUC), a resource for investors and traders seeking the latest updates and insights on BROOKFIELD BUSINESS stock.
Brookfield Business Corporation Class A Exchangeable Subordinate Voting Shares (BBUC) are tied to Brookfield Business Partners, a global business services and industrials platform within Brookfield Asset Management’s private equity group. The news flow around BBUC and Brookfield Business Partners provides insight into how this platform invests in and operates businesses that provide essential products and services.
News releases frequently cover quarterly and annual financial results, where Brookfield Business Partners reports segment performance across Industrials, Business Services and Infrastructure Services, along with corporate-level items. These updates discuss measures such as Adjusted EBITDA and Adjusted EFO, and provide commentary on operations such as advanced energy storage, engineered components manufacturing, dealer software and technology services, modular building leasing and offshore oil services.
Another key category of news involves capital deployment and capital recycling. Company announcements describe acquisitions of businesses such as a Canadian residential and multi-family mortgage lender, an electric heat tracing systems manufacturer and Antylia Scientific, as well as transactions to sell partial interests in businesses like engineered components manufacturing, dealer software and technology services and work access services operations to a new evergreen private equity fund. These items illustrate how Brookfield Business Partners reallocates capital and refines its portfolio over time.
Corporate actions and structural changes are also prominent in the news. Brookfield Business Partners has announced a proposed conversion of Brookfield Business Partners L.P. and Brookfield Business Corporation into a single Canadian corporation, BBU Inc., with related arrangement agreements, special meetings and regulatory filings. Normal course issuer bids for both units and BBUC exchangeable shares, along with conference call and webcast announcements for results, round out the typical news coverage. Investors following BBUC can use this news stream to monitor financial performance, portfolio evolution and the progress of the planned corporate reorganization.
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.