Brief: Reliance Worldwide Corp Agrees to Brookfield Capital Partners' $2.9 billion buyout bid
16/09/2026 24:24
BRIEF-Reliance Worldwide Corp Agrees to Brookfield Capital Partners' $2.9 billion buyout bid Sept 16 (Reuters) - Reliance Worldwide Corporation Limited RWC.AX:
ENTERS SCHEME IMPLEMENTATION DEED WITH BROOKFIELD CAPITAL PARTNERS
MAY SOLICIT ALTERNATIVE PROPOSALS UNTIL 15 OCTOBER 2026 UNDER 'GO SHOP' PROVISION
BROOKFIELD TO BUY 100% OF RWC FOR US$3.38 CASH PER SHARE
DEAL REFLECTS RWC ENTERPRISE VALUE OF US$2.9 BILLION AND EV/FY26 EBITDA MULTIPLE OF 12.1X
SCHEME EXPECTED TO BE IMPLEMENTED IN Q1 2027
Further company coverage: RWC.AX
((Reuters.Briefs@thomsonreuters.com;))
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