Brookfield Business Partners Announces Renewal Of limited Partnership Unit Normal Course Issuer Bid
Brookfield Business Partners L.P. Limited Partnership Units (BBU)
Last brookfield business partners l.p. limited partnership units earnings: 2/6 06:45 am
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bbu.brookfield.com/en
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Source: GlobeNewswire
BROOKFIELD, NEWS, Aug. 12, 2019 (GLOBE NEWSWIRE) -- Brookfield Business Partners L.P. (NYSE: BBU) (TSX: BBU.UN) (“Brookfield Business Partners”) today announced that the Toronto Stock Exchange (the “TSX”) has accepted a notice filed by Brookfield Business Partners of its intention to renew its normal course issuer bid for its limited partnership units (the “units”). Brookfield Business Partners believes that in the event the units trade in a price range that does not fully reflect their value, the acquisition of units may represent an attractive use of available funds. Under the normal course issuer bid, the Board of Directors of the general partner of Brookfield Business Partners authorized the partnership to repurchase up to 5% of the total issued and outstanding units, or 4,050,188 units. At the close of business on August 8, 2019, there were 81,003,771 units issued and outstanding. Under the normal course issuer bid, Brookfield Business Partners may purchase up to 18,026 units
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