Browsing Tag
Reliance Worldwide Corporation
2 posts
Brookfield agrees $2.9bn Reliance Worldwide takeover after four approaches
Brookfield has agreed a US$2.9 billion takeover of Reliance Worldwide, with a go-shop period leaving room for a higher competing offer.
Reliance Worldwide (ASX: RWC) jumps 7% as Brookfield’s A$4.75 takeover becomes binding
Reliance Worldwide shareholders now have a firm A$4.75-per-share Brookfield proposal after months of negotiations, but a 30-day go-shop process and AustralianSuper’s large stake leave open the possibility that the takeover story is not finished.