Brookfield Business Partners Announces Renewal of Normal Course Issuer Bid for Units and Exchangeable Shares.

Brookfield Business Partners announced the renewal of its normal course issuer bids for Units and Exchangeable Shares, seeking to purchase up to 5% of the outstanding units and shares. The bids will commence on August 19, 2025, and expire on August 18, 2026. Brookfield Business Partners believes that the Units or Exchangeable Shares may trade at a price that does not reflect their value, making the purchase attractive. The company's previous bids saw the purchase of 3.6 million Units and 2.9 million Exchangeable Shares at an average price of US$22.54.

Brookfield Business Partners (NYSE: BBU, BBUC; TSX: BBU.UN, BBUC) has renewed its normal course issuer bids for both its limited partnership units (Units) and exchangeable shares (Exchangeable Shares). The Toronto Stock Exchange (TSX) has accepted the notices filed by Brookfield Business Partners L.P. and Brookfield Business Corporation, authorizing the purchase of up to 5% of the issued and outstanding Units and Exchangeable Shares. The buyback program will commence on August 19, 2025, and expire on August 18, 2026 [1].

The company is authorized to purchase up to 4,441,425 Units and 3,499,836 Exchangeable Shares, representing 5% of the issued and outstanding securities as of August 8, 2025. Daily purchase limits are set at 10,076 Units and 11,100 Exchangeable Shares on the TSX. This renewal follows the successful completion of the previous buyback program, where the company repurchased 3,611,689 Units at an average price of US$22.54 and 2,957,523 Exchangeable Shares at an average price of US$25.93 [1].

The renewal of these share repurchase programs signals management's confidence that the shares are trading below their intrinsic value, providing a shareholder-friendly capital allocation strategy. The implementation of automatic repurchase plans ensures consistent execution of the program during blackout periods, when company insiders would normally be restricted from trading. This mechanism allows the company to maintain a structured approach to share repurchases, minimizing market impact while executing the program over its one-year duration [1].

Brookfield Business Partners, a global business services and industrials company, is focused on owning and operating high-quality businesses that provide essential products and services. The company's share buyback renewal reflects management's belief that reinvesting in the business via share repurchases offers better returns than alternative uses of capital, and that they have sufficient liquidity and operational confidence to commit to this program [1].

Investors and financial professionals should closely monitor the progress of this share repurchase program, as it may provide insights into the company's future capital allocation decisions and management's valuation of the company's shares. The daily purchase limits and the one-year duration of the program will help investors understand the pace and scale of the repurchases.

References:
[1] https://www.ainvest.com/news/brookfield-business-partners-announces-renewal-normal-issuer-bids-units-exchangeable-shares-2508/
[2] https://www.stocktitan.net/news/BBUC/brookfield-business-partners-announces-renewal-of-normal-course-08m3u4b7cgdf.html