Brookfield raises its cash offer for Reliance Worldwide to A$4.75 per share, valuing the company at A$4.1 billion including debt.
Brookfield Capital Partners has increased its takeover bid for Australian plumbing supplier Reliance Worldwide to A$4.75 per share in cash. The revised offer values the company at approximately A$4.1 billion, including debt, up from its previous proposal.
The new bid follows an earlier offer that was not disclosed in detail. Reliance Worldwide, listed under the ticker RLLWF, has not yet responded to the sweetened proposal. The implied equity value reflects a premium to recent trading levels.
No immediate market reaction was reported following the announcement.