Australian plumbing-products maker Reliance Worldwide agreed in mid-September to be acquired by Brookfield for A$4.75 (US$3.38) per share, a deal valued at about US$2.9bn including debt.
Deal terms and financing
Shareholders can elect to be paid in either currency. A go-shop lets Reliance seek rival bids until Oct 15, with Brookfield holding matching rights.
Regulatory approvals and timing
Closing is expected in the first quarter of 2027 after a scheme vote; AustralianSuper and Aware Super hold about 20% combined.
Market context
It was Brookfield's fourth approach after earlier offers from A$4.15 were rejected. Around 60% of Reliance's revenue comes from US housing and construction, and tariffs have weighed on earnings.
