Brookfield to acquire Reliance Worldwide for US$3.38/share (~US$2.8B EV)

Brookfield Asset Management Ltd.

All-cash offer of US$3.38/share; enterprise value ~US$2.8B for 100% of plumbing maker Reliance.
Reliance board unanimously recommends deal; shareholder and regulatory approvals pending.
Funding via Brookfield Capital Partners and affiliate Brookfield Business Corp (BBUC).
Transaction expected to close in Q1 2027; Reliance is global PTC fittings leader.

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