Reliance Worldwide Says No Rival Bid Emerged During Brookfield Go-Shop
Reliance Worldwide said no rival bidder emerged during the go-shop process for Brookfield's proposed acquisition. The board reaffirmed its unanimous recommendation that shareholders back the deal.
Reliance Worldwide (ASX:RWC) said Monday that no competing bidder came forward during the “go shop” period for Brookfield’s (NYSE:BN) proposed acquisition of the Australian company. The board therefore reaffirmed its unanimous recommendation that shareholders support the deal.