12:52 PM EDT, 09/25/2025 (MT Newswires) -- (Updates with stock price movement in the headline and the first paragraph.)

Brookfield Business Partners LP ( BBU ) shares rose 14% in recent Thursday trading after the company said it will simplify its corporate structure by merging with Brookfield Business Corporation ( BBUC ) into a single publicly traded Canadian corporation called BBU Inc.

The company said Brookfield Business Corporation ( BBUC ) shares are currently trading 25% higher than Brookfield Business Partners LP ( BBU ) units, and that having one publicly traded corporation will benefit all holders.

The company said the proposed reorganization states that all units of Brookfield Business Partners ( BBU ), all Class A exchangeable shares of Brookfield Business Corporation ( BBUC ), and all redemption-exchange units held by Brookfield will be exchanged for new Class A shares of BBU on a one-for-one basis.

The new corporation will be listed on both the NYSE and TSX, with a market capitalization based on the combined value of the two entities, the company said.

Brookfield Business Partners LP ( BBU ) and Brookfield Business Corporation ( BBUC ) will cease to be reporting issuers, and BBU will assume that status.

The new company will continue to pay an annual dividend of $0.25 per share, the company said, adding that the reorganization is expected to be completed in Q1.

Price: 32.47, Change: +3.99, Percent Change: +14.01