Brookfield Business Partners (BBU, $36.25) to buy majority control in Genworth's (GNW, $4.36) MI Canada in a $2.1 billion deal
Brookfield Business Partners LP announce that it has agreed to buy majority stake in mortgage insurer Genworth MI Canada in a $2.1 billion deal.
As part of the deal, Brookfield Business Partners will acquire 48.9 million shares - representing 57% interest - in Genworth MI Canada from Genworth Financial, for $48.86 a share.
The deal is expected to close by the end of 2019, subject to approval under the Insurance Companies Act (Canada) and Competition Act (Canada).
Brookfield Business Partners also has promised to provide Genworth Financial, Inc., with up to USD$850 million in bridge financing, in the event that regulatory approvals for the transaction are not received by October 31, 2019.
Goldman Sachs & Co. LLC and Lazard Frères & Co. LLC are acting as financial advisors to Genworth. Osler, Hoskin & Harcourt LLP and Sullivan & Cromwell LLP are acting as legal advisors to Genworth and Richards, Layton & Finger is acting as legal advisor to the Genworth Board of Directors.
Momentum Indicator for BBU turns negative, indicating new downward trend
BBU saw its Momentum Indicator move below the 0 level on July 17, 2025. This is an indication that the stock could be shifting in to a new downward move. Traders may want to consider selling the stock or exploring put options. Tickeron's A.I.dvisor looked at 78 similar instances where the indicator turned negative. In of the 78 cases, the stock moved further down in the following days. The odds of a decline are at .
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day RSI Indicator for BBU moved out of overbought territory on June 25, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 33 similar instances where the indicator moved out of overbought territory. In of the 33 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Moving Average Convergence Divergence Histogram (MACD) for BBU turned negative on July 09, 2025. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 46 similar instances when the indicator turned negative. In of the 46 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BBU declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
BBU broke above its upper Bollinger Band on July 03, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 58 cases where BBU's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BBU advanced for three days, in of 291 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 172 cases where BBU Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
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The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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