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Reliance Worldwide Corporation Limited (ASX:RWC)

ALERT: Price-sensitive ASX Announcement for RWC
Current share price for RWC : $4.230 0.62 (17.17%)+
Announcement
Release
18 Aug 2026 7:40AM
Price at Release
$3.610
Full Release
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Summary
Reliance Worldwide Corporation Limited (RWC) has entered into a Process Deed with Brookfield Capital Partners LLC for a proposed acquisition of 100% of RWC's ordinary shares via a scheme of arrangement, offering A$4.75 per share. This represents a significant premium over RWC's recent trading prices. The agreement includes exclusivity restrictions for a four-week period, during which RWC cannot solicit alternative proposals. Brookfield has the right to match any superior offers RWC might receive during a subsequent 30-day 'go-shop' period. Despite the proposal, there is no certainty it will lead to a definitive transaction, and RWC advises shareholders to take no action at this time. Financial and legal advisors have been appointed to assist RWC in evaluating the proposal.
Key Points
  • RWC enters Process Deed with Brookfield for full acquisition.
  • Proposed cash offer of A$4.75 per share.
  • 31.6% premium to RWC's last closing price.
  • Exclusivity restrictions in place for four weeks.
  • RWC Board agreement to work towards Scheme Implementation Deed.
  • Brookfield's proposal includes a 'go-shop' period for alternative proposals.
  • No certainty of a definitive transaction.
  • Financial and legal advisory teams appointed.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.