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via business-standard.comCapital Markets

Brookfield's $2.53 bn bid for Reliance Worldwide clears 'go shop' hurdle

FROM THE WIRE · BUSINESS-STANDARD.COM

The plumbing supplies firm agreed in Sep to a scheme implementation deed under which Brookfield Capital Partners and its affiliates would acquire all of Reliance Worldwide's shares for $3.38 apiece

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralClearing the go-shop phase makes completion of the Reliance Worldwide acquisition more likely.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Reliance Worldwide agreed in September to a scheme implementation deed with Brookfield Capital Partners.
  2. 02Brookfield and affiliates would acquire all shares at $3.38 each.
  3. 03The bid is worth $2.53 billion.

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