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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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 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.
7/3/24 8:09:53 AM ET
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Engineering & Construction
Consumer Discretionary
CDK Global Aims To Restore Car Dealership Systems After Massive Outage Impacted 15,000 Clients Following Cyberattacks
Private software company CDK Global is reportedly looking to get car dealerships back online on its dealer management system (DMS) by July 4th, days after cyberattacks against the company left U.S. dealers in a fix. What Happened: All dealer connections are expected to be live on the DMS by late Wednesday, June 3, or early Morning Thursday, June 4, reported The Verge, citing CDK Global spokesperson Lisa Finney. The personnel behind the cyberattack are reportedly linked to a group called BlackSuit. “We are continuing our phased approach to the restoration process and are rapidly bringing dealers live on the Dealer Management System (DMS),” Finney said. The company is working on
7/2/24 6:20:01 AM ET
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Car Dealership Data Provider Suffers Cyber Incident, Actively Investigates
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 to Host Third Quarter 2024 Results Conference Call
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, NEWS, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE:BBU, BBUC, TSX:BBU, BBUC))) announced today financial results for the quarter ended June 30, 2024. "Our business fundamentals remain sound and we are pleased with the performance of many of our larger operations," said Anuj Ranjan, CEO of Brookfield Business Partners. "Financial results were strong but impacted by a couple of one-time events this quarter. We continue to build value across our operations which will drive earnings as these one-time items pass. Our strong access to capital differentiates our franchise and enabled us to refinance a significant amount of debt at attractive rates during the
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Brookfield Business Partners L.P. 2024 Second Quarter Conference Call and Webcast for Investors and Analysts
Date: Friday, August 2, 2024 Time: 10:00 a.m. (Eastern Time) BROOKFIELD NEWS, June 14, 2024 (GLOBE NEWSWIRE) -- You are invited to participate in Brookfield Business Partners' 2024 Second Quarter Conference Call & Webcast on Friday, August 2, 2024 at 10:00 a.m. (Eastern Time) to discuss with members of senior management our results and current business initiatives. Results will be released on Friday, August 2, 2024 prior to 8:00 a.m. (Eastern Time) 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: BBU2024Q2ConferenceCallUpon registering, you will be emailed
6/14/24 6:45:43 AM ET
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Brookfield Business Partners to Host Third Quarter 2024 Results Conference Call
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
9/30/24 4:30:05 PM ET
$BBU
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Brookfield Business Partners Announces Renewal of Normal Course Issuer Bids for Units and Exchangeable Shares
BROOKFIELD, News, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE:BBU, BBUC, TSX:BBU, BBUC))) today announced that the Toronto Stock Exchange ("TSX") has accepted a notice filed by Brookfield Business Partners L.P. of its intention to renew its normal course issuer bid for its limited partnership units ("Units") and a notice filed by Brookfield Business Corporation of its intention to renew its normal course issuer bid for its class A exchangeable subordinate voting shares ("Exchangeable Shares"). Brookfield Business Partners believes that the Units or the Exchangeable Shares, respectively, may from time to time trade in a price range that does not fully reflect their
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Brookfield Business Partners Reports Second Quarter 2024 Results
BROOKFIELD, NEWS, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE:BBU, BBUC, TSX:BBU, BBUC))) announced today financial results for the quarter ended June 30, 2024. "Our business fundamentals remain sound and we are pleased with the performance of many of our larger operations," said Anuj Ranjan, CEO of Brookfield Business Partners. "Financial results were strong but impacted by a couple of one-time events this quarter. We continue to build value across our operations which will drive earnings as these one-time items pass. Our strong access to capital differentiates our franchise and enabled us to refinance a significant amount of debt at attractive rates during the
8/2/24 6:45:42 AM ET
$BBU
Engineering & Construction
Consumer Discretionary

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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Amendment: SEC Form SC 13D/A filed by Brookfield Business Partners L.P. Limited Partnership Units

Amendment: SEC Form SC 13D/A filed by Brookfield Business Corporation

SEC Form SC 13G/A filed by Brookfield Business Partners L.P. Limited Partnership Units (Amendment)

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SEC Form SD filed by Brookfield Business Partners L.P. Limited Partnership Units

SEC Form 6-K filed by Brookfield Business Corporation

SEC Form 6-K filed by Brookfield Business Corporation

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