Welcome to our dedicated page for Brookfield Business Corporation news (Ticker: BBUC), a resource for investors and traders seeking the latest updates and insights on Brookfield Business Corporation stock.
Brookfield Business Corporation Class A Exchangeable Subordinate Voting Shares (BBUC) represents a diverse and dynamic entity within the global business landscape. Established as a means for investors to participate in Brookfield's operations through a corporate structure, BBUC focuses on owning and operating high-quality businesses that provide essential services and products across various industries.
Brookfield Business Corporation aims to generate substantial returns for its investors through long-term capital appreciation combined with a modest distribution yield. The company operates on a global scale, managing a portfolio that includes industrial operations and essential services. This diverse approach ensures stability and growth potential in varying market conditions.
One of the recent notable developments involves Everise, a leading healthcare services outsourcing company, in which Brookfield is a key investor. On October 3, 2023, Everise announced a significant investment from Warburg Pincus to accelerate its growth trajectory. This partnership underscores BBUC's strategy of aligning with industry leaders to enhance value for its stakeholders.
Everise has rapidly evolved into an end-to-end customer experience solutions provider with over 19,000 employees operating in eight markets. The company's commitment to innovation and a people-centric culture has earned it numerous industry awards, affirming its position as a leader in healthcare service outsourcing.
Additionally, Brookfield Business Corporation is involved in the automotive sector through Clarios, a producer of high-performance rechargeable absorbent glass mat (AGM) batteries. On April 9, 2024, Clarios secured a supplier contract with a major original equipment manufacturer, highlighting Brookfield's investment in sustainable and advanced energy storage solutions.
Clarios' new AGM battery technology aims to reduce fuel consumption and CO2 emissions, supporting the automotive industry's shift towards more environmentally friendly solutions. This innovation aligns with Brookfield's broader commitment to sustainability and technological advancement.
Through strategic investments and a strong operational focus, Brookfield Business Corporation continues to deliver value and drive growth across its diverse portfolio. Investors can engage with Brookfield either through BBUC (NYSE, TSX: BBUC) or through Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN), providing flexibility and diverse investment opportunities.
For more information, please visit the Brookfield Business Corporation website at bbu.brookfield.com.
Brookfield Business (BBUC) announced that all ten nominees for the board of directors were elected during the annual general meeting held on June 20, 2024. The virtual meeting saw a strong shareholder turn-out, with Exchangeable Shares holding 25% and Class B Shares holding 75% of the voting interest. Detailed voting results showed an overwhelming support for the nominees, including Cyrus Madon and Patricia Zuccotti, who received nearly unanimous votes. Brookfield Business Partners, a subsidiary of Brookfield Asset Management, focuses on high-quality business services and industrials globally. Voting details are available on SEDAR+.
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.
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