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Brookfield Business Partners LP (BBU_u.TO)

BBU_u.TO on Toronto Stock Exchange

50.48CAD
20 Sep 2019
Change (% chg)

$0.83 (+1.67%)
Prev Close
$49.65
Open
$49.60
Day's High
$50.59
Day's Low
$49.47
Volume
56,262
Avg. Vol
71,598
52-wk High
$59.66
52-wk Low
$40.56

Latest Key Developments (Source: Significant Developments)

Brookfield Business Partners To Acquire Control Of Genworth Canada
Tuesday, 13 Aug 2019 

Brookfield Business Partners LP ::BROOKFIELD BUSINESS PARTNERS TO ACQUIRE CONTROL OF GENWORTH CANADA.BROOKFIELD BUSINESS PARTNERS LP - DEAL FOR FOR APPROXIMATELY C$2.4 BILLION.BROOKFIELD BUSINESS PARTNERS LP - DEAL FOR C$2.4 BILLION.BROOKFIELD BUSINESS PARTNERS LP - DEAL FOR C$48.86 PER SHARE.BROOKFIELD BUSINESS PARTNERS LP - TRANSACTION, INCLUDING BRIDGE LOAN, WILL BE FUNDED FROM EXISTING LIQUIDITY.BROOKFIELD BUSINESS PARTNERS - INTENDS TO FUND ABOUT $700 MILLION OF PURCHASE ON CLOSING & FOR CERTAIN OF INSTITUTIONAL PARTNERS TO CO-INVEST FOR BALANCE..BROOKFIELD BUSINESS PARTNERS - TO BUY 48.9 MILLION SHARES OF GENWORTH MI, OR ABOUT 57% CONTROLLING INTEREST IN BUSINESS, FROM GENWORTH FINANCIAL.BROOKFIELD BUSINESS PARTNERS LP - CO HAS ALSO AGREED, BETWEEN NOW & CLOSING OF TRANSACTION, TO PROVIDE GENWORTH WITH A BRIDGE LOAN OF UP TO $850 MILLION.BROOKFIELD BUSINESS - GENWORTH AGREED TO CAUSE NOMINEES OF GENWORTH, OTHER THAN CEO OF GENWORTH CANADA, ON BOARD OF GENWORTH CANADA, UNITS TO RESIGN.BROOKFIELD BUSINESS - SUBJECT TO TERMS OF PURCHASE AGREEMENT, VACANCIES CREATED BY RESIGNATIONS SHALL BE FILLED WITH NOMINEES OF BROOKFIELD BUSINESS.BROOKFIELD BUSINESS - GIVEN SHORT TIME AVAILABLE TO COMPLETE DEAL, BROOKFIELD HAS NO CURRENT INTENTION TO MAKE OFFER FOR REST OF OUTSTANDING SHARES.  Full Article

Brookfield Business Partners LP Qtrly Company FFO Per Unit $3.35
Wednesday, 31 Jul 2019 

July 31 (Reuters) - Brookfield Business Partners LP ::BROOKFIELD BUSINESS PARTNERS REPORTS 2019 SECOND QUARTER RESULTS.BROOKFIELD BUSINESS PARTNERS LP QTRLY COMPANY FFO PER UNIT $3.35.BROOKFIELD BUSINESS PARTNERS LP QTRLY NET INCOME PER LIMITED PARTNERSHIP UNIT $0.82.BROOKFIELD BUSINESS PARTNERS LP - QTRLY REVENUE $10,717 MILLION VERSUS $8,775 MILLION.  Full Article

Brookfield Business Partners Announces $795 Mln Equity Offering
Friday, 21 Jun 2019 

June 20 (Reuters) - Brookfield Business Partners LP::BROOKFIELD BUSINESS PARTNERS ANNOUNCES $795 MILLION EQUITY OFFERING.BROOKFIELD BUSINESS PARTNERS LP - HAS AGREED TO ISSUE 8.76 MILLION LIMITED PARTNERSHIP UNITS ON A BOUGHT DEAL BASIS AT $39.40 PER UNIT.BROOKFIELD BUSINESS PARTNERS - BROOKFIELD ASSET MANAGEMENT WILL PURCHASE 6.61 MILLION REUS OF BROOKFIELD BUSINESS PARTNERS' HOLDING LP FOR ABOUT $250 MILLION.BROOKFIELD BUSINESS PARTNERS - WILL ALSO ISSUE 5,077,000 UNITS AT OFFERING PRICE BY WAY OF PRIVATE PLACEMENT TO OMERS.BROOKFIELD BUSINESS PARTNERS LP - OFFERING AND CONCURRENT PRIVATE PLACEMENTS ARE EXPECTED TO CLOSE ON OR ABOUT JUNE 28, 2019.BROOKFIELD BUSINESS PARTNERS - GRANTED UNDERWRITERS OVER-ALLOTMENT OPTION, WHICH IF EXERCISED IN FULL, WOULD INCREASE OFFERING SIZE TO ABOUT $847 MILLION.  Full Article

Westinghouse Names Patrick Fragman As CEO
Thursday, 16 May 2019 

May 16 (Reuters) - Brookfield Business Partners LP ::WESTINGHOUSE ANNOUNCES CHIEF EXECUTIVE OFFICER TRANSITION; APPOINTMENT OF PATRICK FRAGMAN AS CEO.WESTINGHOUSE ELECTRIC COMPANY - JOSÉ EMETERIO GUTIÉRREZ WILL STEP DOWN AS PRESIDENT AND CHIEF EXECUTIVE OFFICER ON JULY 31, 2019.WESTINGHOUSE ELECTRIC COMPANY - PATRICK FRAGMAN, CURRENTLY GROUP SVP AT ABB LIMITED, HAS BEEN APPOINTED AS PRESIDENT AND CEO EFFECTIVE AUGUST 19.  Full Article

Brookfield Business Partners Reports Q1 NET LOSS PER LIMITED PARTNERSHIP UNIT $0.48
Wednesday, 1 May 2019 

May 1 (Reuters) - Brookfield Business Partners LP ::BROOKFIELD BUSINESS PARTNERS REPORTS 2019 FIRST QUARTER RESULTS.BROOKFIELD BUSINESS PARTNERS LP QTRLY COMPANY FFO PER LIMITED PARTNERSHIP UNIT $1.59.BROOKFIELD BUSINESS PARTNERS LP QTRLY NET LOSS PER LIMITED PARTNERSHIP UNIT $0.48.BROOKFIELD BUSINESS PARTNERS LP QTRLY REVENUES $9,201 MILLION VERSUS $8,194 MILLION.  Full Article

Teekay Agrees To Sell Remaining Interests In Teekay Offshore To Brookfield For $100 Mln
Tuesday, 30 Apr 2019 

April 30 (Reuters) - Teekay Corp ::PRESS RELEASE - TEEKAY CORPORATION AGREES TO SELL REMAINING INTERESTS IN TEEKAY OFFSHORE TO BROOKFIELD FOR $100 MILLION.TRANSACTION IS EXPECTED TO BE COMPLETED IN EARLY TO MID-MAY 2019.  Full Article

North American Palladium And Brookfield Business Partners Announce Secondary Bought Deal Equity Offering
Friday, 5 Apr 2019 

April 5 (Reuters) - North American Palladium Ltd ::NORTH AMERICAN PALLADIUM LTD. AND BROOKFIELD BUSINESS PARTNERS LP ANNOUNCE SECONDARY BOUGHT DEAL EQUITY OFFERING.  Full Article

Brookfield Business Partners To Sell BGIS For $1 Billion
Monday, 11 Mar 2019 

March 11 (Reuters) - Brookfield Business Partners LP ::PRESS RELEASE - BROOKFIELD BUSINESS PARTNERS ANNOUNCES AGREEMENT TO SELL BGIS FOR $1 BILLION.BROOKFIELD BUSINESS PARTNERS LP - SALE PROCEEDS TO BROOKFIELD BUSINESS PARTNERS FOR ITS 26% OWNERSHIP INTEREST IN BGIS ARE APPROXIMATELY $180 MILLION, AFTER TAXES..BROOKFIELD BUSINESS PARTNERS LP - TO SELL BGIS, A LEADING GLOBAL PROVIDER OF FACILITIES MANAGEMENT SERVICES, TO CCMP CAPITAL ADVISORS, LP.  Full Article

CCMP Capital To Buy BGIS & Says CEO & Management Team Of BGIS Will Remain In Place
Monday, 11 Mar 2019 

March 11 (Reuters) - Brookfield Business Partners LP ::CCMP CAPITAL TO ACQUIRE INTEGRATED FACILITY MANAGEMENT SERVICES COMPANY, BGIS.CCMP CAPITAL SAYS BGIS CHIEF EXECUTIVE OFFICER, GORDON HICKS, AND MANAGEMENT TEAM WILL REMAIN IN PLACE.  Full Article

Brookfield Business Partners Reports 2018 Year End Results
Friday, 8 Feb 2019 

Feb 8 (Reuters) - Brookfield Business Partners LP ::BROOKFIELD BUSINESS PARTNERS REPORTS 2018 YEAR END RESULTS.BROOKFIELD BUSINESS PARTNERS LP QTRLY COMPANY FFO PER LIMITED PARTNERSHIP UNIT $1.92.BROOKFIELD BUSINESS PARTNERS LP QTRLY NET INCOME PER LIMITED PARTNERSHIP UNIT WAS $1.11.  Full Article

Genworth to sell Canada unit stake to Brookfield in $1.81 billion deal

Genworth Financial Inc agreed on Tuesday to sell its 57% stake in its Canadian mortgage insurance unit for about C$2.4 billion ($1.81 billion), as the U.S. insurer looks to close its long-delayed sale to China Oceanwide Holdings Group Co Ltd.

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