Brookfield Asset Management agrees to acquire Reliance Worldwide
Brookfield Asset Management announced an agreement to acquire 100% of Reliance Worldwide Corporation in an all-cash deal valued at US$2.8 billion.
Brookfield Asset Management Ltd (BAM, BAM.TO) said it has agreed to acquire 100% of Reliance Worldwide Corporation (RWC.AX), a global maker of plumbing and heating solutions. The Reliance board unanimously recommended the all-cash offer of US$3.38 per share to shareholders.