Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Brookfield Asset Management To Acquire Reliance Worldwide In US$2.8 Bln Deal

(RTTNews) - Brookfield Asset Management Ltd (BAM, BAM.TO) announced an agreement to acquire 100% of Reliance Worldwide Corporation (RWC.AX), a global manufacturer of plumbing and heating solutions.

We haven't written up this one. Nasdaq Markets has the full story — the link below goes straight to it.

Read the original at nasdaq.com →

More in Finance & Markets

Holding policy rate: the right decision

EDITORIAL: The Monetary Policy Committee kept the policy rate unchanged at 11.5 percent which must be supported. Any increase in the rate would have made borrowing costs for the government (the single largest borrower) as well as the private sector prohibitively expensive that, in turn, would have impacted negatively on the growth rate.

More from Wednesday 16 September →