Brookfield Business Partners Provides Update On The Restoration Of Systems At Its Dealer Software And Technology Services Operation, CDK Global; Does Not Expect This Incident To Have A Material Impact On Brookfield Business Partners

7/3/24 8:09:53 AM ET

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BROOKFIELD, NEWS, July 03, 2024 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE:BBUC, BBU, TSX:BBUC, BBU.UN))))) announced today an update on the restoration of systems at its dealer software and technology services operation, CDK Global ("the business" or "CDK").

On June 19, CDK detected and promptly responded to unauthorized cyber activity on its network. CDK proactively shut all systems down, engaged third-party experts to address and investigate the issue and notified law enforcement.

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Recent Analyst Ratings for
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$BBUC

Company	Date	Price Target	Rating	Analyst
Brookfield Business Partners L.P. Limited Partnership Units $BBU	11/13/2023	$28.00	Outperform	RBC Capital Mkts
Brookfield Business Partners L.P. Limited Partnership Units $BBU	3/9/2023	$26.00	Outperform	Credit Suisse
Brookfield Business Partners L.P. Limited Partnership Units $BBU	11/8/2021	$61.00 → $62.00	Outperform	RBC Capital

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BROOKFIELD, News, Nov. 08, 2024 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE:BBU, BBUC, TSX:BBU, BBUC)) announced today financial results for the quarter ended September 30, 2024. "We had a good quarter, achieving solid financial results and generating over $350 million of proceeds from distributions and announced monetizations, including the sale of a significant portion of our offshore oil services operation," said Anuj Ranjan, CEO of Brookfield Business Partners. "The progress we are making on our capital recycling initiatives will provide us significant liquidity to support our growth and with interest rates normalizing, we are in a great position to continue compounding val
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Date: Friday, November 8, 2024 Time: 10:00 a.m. (Eastern Time) BROOKFIELD NEWS, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Brookfield Business Partners will host its Third Quarter 2024 Conference Call & Webcast on Friday, November 8, 2024 at 10:00 a.m. (ET) to discuss results and current business initiatives. Results will be released on Friday, November 8, 2024 prior to 8:00 a.m. (ET) and will be available following the release on our website at https://bbu.brookfield.com. Participants can join by conference call or webcast: Conference Call Please pre-register: BBU2024Q3ConferenceCallUpon registering, you will be emailed a dial-in number, direct passcode and unique PIN. This process will bypa
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Brookfield Business Partners Provides Update On The Restoration Of Systems At Its Dealer Software And Technology Services Operation, CDK Global; Does Not Expect This Incident To Have A Material Impact On Brookfield Business Partners
BROOKFIELD, NEWS, July 03, 2024 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE:BBUC, BBU, TSX:BBUC, BBU.UN))))) announced today an update on the restoration of systems at its dealer software and technology services operation, CDK Global ("the business" or "CDK").On June 19, CDK detected and promptly responded to unauthorized cyber activity on its network. CDK proactively shut all systems down, engaged third-party experts to address and investigate the issue and notified law enforcement.
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CDK Global Aims To Restore Car Dealership Systems After Massive Outage Impacted 15,000 Clients Following Cyberattacks
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A cyber incident at automotive data provider CDK Global, whose software is utilized by auto dealers, disrupted operations on Wednesday across the U.S. and Canada. What Happened: The company, which was purchased by Brookfield Business Partners (NYSE:BBU) in 2022 for more than $8 billion, is “actively investigating” the issue, CNN reported. A CDK spokesperson confirmed that most of the company’s systems were shut down as a precaution to protect customer data. Efforts are currently underway to restore functionality. See Also: Extreme Heat Waves Set To Drive Up US Natural Gas Prices – 10 Energy Stocks To Watch This Summer Why It Matters: CDK Global prides itself on providing techno
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Brookfield Business Partners Provides Update On The Restoration Of Systems At Its Dealer Software And Technology Services Operation, CDK Global; Does Not Expect This Incident To Have A Material Impact On Brookfield Business Partners

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