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) 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.