Brookfield Asset Management Ltd. 8-K

Summary

Brookfield agreed to acquire Reliance Worldwide Corporation in an all-cash transaction. Reliance’s board unanimously recommended the proposal, which still requires shareholder, regulatory and government approvals; closing is expected in Q1 2027.

Key Figures

• Offer: US$3.38 per share in cash for 100% of Reliance; approximately US$2.8B enterprise value.
• Funding: Brookfield Capital Partners and its affiliate Brookfield Business Corporation.

Investor Takeaways

• Shareholder approval and required regulatory and government approvals will determine whether the transaction proceeds to the expected Q1 2027 close.