Reliance Worldwide Corp Ltd

RWC: XASX (AUS)
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Reliance Earnings: Takeover Offer Distracts From Lower Earnings

Reliance has entered into a process deed with private equity firm Brookfield Capital Partners, following an unsolicited, nonbinding indicative proposal for 100% of Reliance's shares through a scheme of arrangement for AUD 4.75 per share. Shares jumped 25% following the announcement.

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