Brookfield Business Partners announced that the Toronto Stock Exchange has accepted its notice to renew its normal course issuer bids for its limited partnership units and class A exchangeable subordinate voting shares. The company believes that its equity may trade below its intrinsic value, making repurchases an attractive use of available funds.
The renewed authorization allows Brookfield Business Partners to purchase up to 4,441,425 Units and 3,499,836 Exchangeable Shares, representing up to 5% of the issued and outstanding amounts as of August 8, 2025. These purchases are authorized to commence on August 19, 2025, and will continue until August 18, 2026, or until the authorized amounts are fully acquired.
Under the previous normal course issuer bid, which commenced on August 19, 2024, Brookfield Business Partners and its affiliates purchased 3,611,689 Units at a weighted average price of US$22.54. Additionally, 2,957,523 Exchangeable Shares were repurchased at a weighted average price of US$25.93. All repurchased units and shares will be cancelled.
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