Brookfield Capital Partners makes offer for Reliance Worldwide
Brookfield Capital Partners LLC has proposed a C$4 billion purchase of Reliance Worldwide Corp., valued at approximately A$4.75 per share. The offer, which stands higher than previous bids from Brookfield of A$4.15, A$4.25, and A$4.50 per share, is currently non-binding. Reliance Worldwide, known for its plumbing products and global operations, has entered a process with Brookfield and agreed to exclusivity restrictions.
However, the company has cautioned that the proposal does not guarantee a deal, urging shareholders to refrain from taking any action regarding the offer.
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