Brookfield Business Partners (TSE:BBU.UN) has released an update.
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Brookfield Business Partners has announced the renewal of normal course issuer bids for its Units and Exchangeable Shares, signaling the company’s belief that their current trading prices don’t fully reflect their value. The company is authorized to repurchase up to 5% of each of these securities, which will be canceled upon purchase to potentially enhance shareholder value. The repurchase program is set to run from August 19, 2024, to August 18, 2025, with the intention to buy back shares through the Toronto Stock Exchange, the New York Stock Exchange, and other platforms.
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