By Nicholas G. Miller
Brookfield Business Partners LP's stock rose while shares of Brookfield Business Corp. declined after the company said it would simplify its structure, combining the two companies into one corporation.
The limited partnership's stock rose 13% to $32.23 after reaching a 52-week high of $32.73 in midday trading Thursday. Shares of the corporation, meanwhile, retreated 8.8% to $32.77. Those shares set a new one-year high of $37.01 on Tuesday.
The corporation's shares had previously traded at a 25% premium to those of the limited partnership.
Brookfield Business Partners said before the open it approved plans to simplify its corporate structure by converting the two companies into one publicly traded Canadian corporation, known as BBU Inc. The company said the combination would appeal to global investors and lead to improved trading liquidity.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
September 25, 2025 12:18 ET (16:18 GMT)
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