Brookfield Business Partners announced that the Toronto Stock Exchange (TSX) has accepted the renewal of its normal course issuer bid for its limited partnership units and Brookfield Business Corporation's class A exchangeable subordinate voting shares. This renewal allows the company to continue repurchasing its securities.
The company is authorized to purchase up to 4,441,425 Units and 3,499,836 Exchangeable Shares, representing up to 5% of the issued and outstanding securities as of August 8, 2025. These purchases are authorized to commence on August 19, 2025, and will terminate on August 18, 2026.
Under the previous normal course issuer bids, Brookfield Business Partners purchased 3,611,689 Units at a weighted average price of US$22.54, and Brookfield Business Corporation purchased 2,957,523 Exchangeable Shares at a weighted average price of US$25.93. All purchased securities will be cancelled, which can enhance shareholder value by reducing the number of outstanding shares.
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