BUZZ — Reliance Worldwide poised for third weekly gain on agreeing to Brookfield's $2.9 billion offer

* Shares of Reliance Worldwide rise as much as 0.4% to A$4.54 in early trade, heading for a sixth straight session of gains * Stock up 6% for the week, on track for a third straight weekly gain * Plumbing supplies firm on Wednesday entered scheme implementation deed with global investment firm Brookfield at $3.38 per share * Said offer gave co an enterprise value of $2.9 billion * Said they agreed to a "Go Shop" provision that allows Reliance Worldwide to seek rival bids, share due-diligence materials and negotiate terms * Said Reliance board recommended shareholders vote in favour of Brookfield proposal * Stock up 17.5% YTD, including the day's moves (Reporting by Nikita Maria Jino in Bengaluru) ((Nikita.Jino@thomsonreuters.com;)