Brookfield Capital Partners LLC issued a non-binding proposal on August 18, 2026, to acquire Reliance Worldwide Corporation (ASX:RWC). The cash offer stands at AUD 4.75 per share. This price values the plumbing manufacturer’s equity at AUD 3.6 billion. The proposal implies an enterprise value of approximately AUD 4.1 billion.
The bid represents a 31.6% premium to the company's closing price on August 17. Brookfield previously made lower unsolicited offers in April and May 2026. Reliance Worldwide granted Brookfield a four-week exclusivity period for due diligence and negotiations.
The takeover proposal coincided with full-year results showing a significant drop in net profit. Reliance Worldwide’s board recommended that shareholders take no action at this time. No certainty exists that the current proposal will lead to a binding transaction.