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

BROOKFIELD, News, April 25, 2022 – Brookfield Business Partners L.P. (NYSE: BBU) has filed its 2021 annual report on Form 20-F with the SEC and Canadian securities authorities. The report includes audited financial statements for the year ending December 31, 2021, available on their website. Brookfield Business Partners focuses on owning and operating high-quality businesses essential for economic growth. Investors can choose to invest through either the limited partnership or the corporation. Brookfield Asset Management oversees approximately $690 billion in assets.

Brookfield Business Partners has announced its agreement to acquire CDK Global for $54.87 per share, valuing the transaction at approximately $8.3 billion. CDK Global, which generates $1.7 billion in annual revenue, provides technology and software solutions crucial for automotive dealerships. The acquisition aims to enhance Brookfield's technology footprint and leverage CDK's strong market position. Funding will comprise $3.5 billion in equity, with Brookfield Business Partners investing about $500 million. The transaction is subject to customary closing conditions and expected to close in Q3 2022.

On March 29, 2022, Brookfield Business Partners (NYSE: BBU) announced a partnership to acquire Nielsen Holdings plc (NYSE: NLSN) in an all-cash deal valued at approximately $16 billion. Nielsen, a leader in audience measurement and analytics, generates $3.5 billion in annual revenue, providing essential data for the advertising industry. Brookfield plans to invest $2.65 billion via preferred equity, gaining 45% common equity in Nielsen. The transaction, expected to close in H2 2022, is subject to customary conditions.

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.

BROOKFIELD, NEWS, March 18, 2022 – Brookfield Business Partners, alongside institutional partners, announced an agreement to acquire La Trobe Financial for approximately $1.1 billion. La Trobe is a leading non-bank lender in Australia, managing over A$13 billion in assets. The acquisition aims to enhance Brookfield's presence in Australia and capitalize on La Trobe's established track record and competitive advantages in mortgage lending. Funding will involve about $765 million in equity, with Brookfield Business Partners contributing $250 million. Closing is expected in Q2 2022, pending regulatory approvals.

Brookfield Business Partners L.P. (BBU) has successfully completed the establishment of Brookfield Business Corporation (BBUC), effective March 15, 2022. Each BBU unitholder received one class A exchangeable subordinate voting share of BBUC for every two BBU units held. This strategic move enhances their investment flexibility and aims to improve index inclusion, potentially broadening the ownership base. BBU unitholders now collectively own 35.3% of BBUC's shares. The shares have begun trading on both the Toronto and New York Stock Exchanges under the symbol 'BBUC'.

BROOKFIELD, NEWS, March 1, 2022 (GLOBE NEWSWIRE) -- Brookfield Business Partners L.P. (BBU) has finalized its prospectus for a special distribution of class A exchangeable subordinate voting shares of Brookfield Business Corporation (BBUC). This special distribution is similar to a unit split, without altering cash flows or net asset value. Trading will occur under specific designations from March 4 to March 14, 2022, with shares officially trading under their respective symbols starting March 15, 2022.

Brookfield Business Partners L.P. (BBU) has announced a special distribution of class A exchangeable subordinate voting shares (Shares) of Brookfield Business Corporation (BBUC), scheduled for March 15, 2022. The distribution is equivalent to a unit split and will see BBU unitholders receiving one Share for every two BBU units held, without impacting net asset value or cash flows. BBUC aims to align dividends with BBU distributions, targeting a $0.25 annual dividend per Share. Trading for these Shares will begin March 4, 2022, with conditional NYSE and TSX listings approved for BBUC.

Brookfield Business Partners L.P. reported robust financial results for 2021, showing a net income of $643 million, translating to $3.28 per unit, compared to a net loss of $169 million in 2020. Adjusted EBITDA rose to $1,761 million from $1,384 million the previous year, driven by strong performance across Business Services, Industrials, and Infrastructure Services segments. The company also acquired six new businesses, committing $2.2 billion in capital, and plans to fund future growth through a $1 billion preferred equity offering. A quarterly distribution of $0.0625 per unit was declared, payable on March 31, 2022.