Morningstar

Reliance Worldwide Agrees to A$3.55 Billion Takeover by Brookfield

Provided by Dow Jones Aug 18, 2026, 3:04:00 AM

By David Winning

SYDNEY--Plumbing fittings supplier Reliance Worldwide said it has agreed to a takeover offer by the private equity arm of Brookfield Asset Management that values its equity at 3.55 billion Australian dollars (US$2.52 billion).

Reliance Worldwide said Brookfield's latest offer of A$4.75 per share in cash follows three earlier bids. It represents a 32% premium to Reliance Worldwide's closing share price of A$3.61 on Monday.

Reliance Worldwide said it has agreed to let Brookfield carry out due diligence on an exclusive basis for a period of four weeks.

Write to David Winning at david.winning@wsj.com

(END) Dow Jones Newswires

August 17, 2026 18:04 ET (22:04 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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