Reliance Worldwide Enters Scheme Implementation Deed With Brookfield Capital Partners
Brookfield To Acquire 100% Of RWC For $3.38/Share In Cash - Deal Values RWC At $2.9B Enterprise Value, 12.1x FY26 EBITDA - May Solicit Alternative Proposals Until Oct 15 Under 'Go-Shop' Provision - Scheme Expected To Complete In Q1 2027
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11:43:23 PM UTC
SquawkNews
Australia's Reliance Worldwide ASX:RWC said on Wednesday it had agreed to buyout bid worth about $2.9 billion from global investment firm Brookfield NYSE:BN, but would continue to seek alternative proposals from other parties.Brookfield made three approaches in the first half of the year before ret…
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