Brookfield is making another bid to acquire Australia’s Reliance Worldwide, an Australian plumbing supplies group, according to reports. The latest offer is described as a $2.9-billion proposal and represents a fourth attempt by Brookfield to buy the company.
The outlets say Reliance Worldwide has been navigating uncertainty tied to tariffs and housing conditions in Australia. The Financial Post reports the bid values Reliance Worldwide shares at A$4.75 each, reflecting a 32% premium over the company’s prior share price. The Globe and Mail frames the bid as Brookfield targeting Reliance again amid ongoing concerns about the operating environment.
While both sources agree on the size of the offer and Brookfield’s renewed approach, they emphasize different context: one focuses on the repeated nature of the pursuit, while the other highlights the specific per-share price and premium being offered.
