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Brookfield Business announces $600 million equity offering

Tuesday, 19 Sep 2017 04:22pm EDT

Sept 19 (Reuters) - Brookfield Business Partners LP :Brookfield Business Partners LP - ‍agreed to issue 6.7 million limited partnership units at price of $30.00/unit for proceeds of approximately $200 million​.Brookfield asset management, related entities to issue 6.9 million units at offering price for approximately $200 million​.Will also ‍ issue 6.7 million units at offering price by private placement for gross proceeds of approximately $200 million​.

CAE disappointed with decision from united states army

Thursday, 14 Sep 2017 06:00am EDT

Sept 14 (Reuters) - CAE Inc ::CAE USA comment on united states army initial entry rotary-wing instructor support services contract.Is disappointed with decision from United States Army, and following a debrief will determine next steps.Development does not change CAE's outlook for year, or its expectations for growth in its defense and security business.CAE Inc - ‍CAE USA will determine next steps, which could include further protest​.

Ashtead posts Q1 pretax profit of 229 mln stg

Tuesday, 12 Sep 2017 02:00am EDT

Sept 12 (Reuters) - Ashtead Group Plc :Q1 PRETAX PROFIT 229 MILLION STG VERSUS 178 MILLION STG YEAR AGO.Q1 PRETAX PROFIT ‍228.9​ MILLION STG VERSUS 177.9 MILLION STG IN Q1 2016.Q1 UNDERLYING RENTAL REVENUE ‍828.8​ MILLION STG VERSUS 660.8 MILLION STG IN Q1 2016.Q1 ‍377​ MILLION STG OF CAPITAL INVESTED IN THE BUSINESS (Q1 2016: 328 MILLION STG).Q1 NET DEBT TO EBITDA LEVERAGE OF ‍1.7​ TIMES (Q1 2016: 1.7 TIMES).‍IT IS TOO EARLY TO ATTEMPT TO QUANTIFY IMPACT OF HURRICANES HARVEY AND IRMA ACCURATELY ON OUR BUSINESS​.‍EVIDENT THAT HURRICANES WILL RESULT IN AN INCREASE IN DEMAND FOR OUR FLEET AND WE WILL PROVIDE AN UPDATE AT END OF Q2​.‍WE EXPECT THAT IMPACT WILL HELP TO UNDERPIN CURRENT MARKET ASSUMPTIONS IN OUR 2021 PLAN​.

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