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Brookfield agrees to buy Reliance Worldwide for US$2.8 billion - BAM News | Rallies

Brookfield agrees to buy Reliance Worldwide for US$2.8 billion

BAM•2026-09-16

Brookfield to acquire Reliance Worldwide in all-cash deal

Brookfield agreed to acquire 100% of Reliance Worldwide Corporation in an all-cash deal priced at USD 3.38 per share.
The offer implies an enterprise value of about USD 2.8 billion for the plumbing and heating products maker.
Reliance operates across the Americas, EMEA, and Asia Pacific. It is headquartered in the US.
Funding is to come from Brookfield Capital Partners, supported by affiliate Brookfield Business Corporation.
Closing is targeted for Q1 2027, subject to shareholder, regulatory, and government approvals.

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Brookfield agrees to buy Reliance Worldwide for US$2.8 billion

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