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[SITUATION] · [QUIET] · [BUSINESS]

2 clusters · 9 sources · 5 days · First seen · Last updated

Brookfield acquisition of Reliance Worldwide

Overview

Brookfield has entered into an agreement to acquire 100% of Reliance Worldwide Corporation, a global manufacturer of plumbing and heating solutions, for an enterprise value of approximately US$2.8 billion.

The all-cash proposal offers shareholders US$3.38 per share. The Reliance Board has unanimously recommended the deal, which is subject to shareholder, regulatory, government, and court approvals. The transaction is expected to close in the first quarter of 2027.

Funding for the acquisition will be provided through the Brookfield Capital Partners strategy and Brookfield Business Corporation. Under a corrected go-shop timetable, Reliance may solicit alternative proposals through October 16, 2026.

Entities

Reliance Worldwide Corporation · Brookfield Business Corporation · Anuj Ranjan · Brookfield Infrastructure · Brookfield Asset Management

Timeline

  1. [BUSINESS] 2 sources
    Brookfield Business joins Reliance Worldwide acquisition deal

    Brookfield Business Corporation is joining a proposed acquisition of Reliance Worldwide Corporation, a plumbing-products manufacturer, in a deal valued at approximately US$2.8 billion.

  2. [BUSINESS] 7 sources
    Brookfield to acquire Reliance Worldwide for US$2.8 billion

    Brookfield has agreed to acquire plumbing and heating manufacturer Reliance Worldwide Corporation in an all-cash deal valued at approximately US$2.8 billion, expected to close in early 2027.

Sources

ad-hoc-news.de · europesays.com · fool.com.au · latestly.com · marketwire.com · newsnreleases.com · srnnews.com · stocktitan.net · theascent.com