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Brookfield Asset Management To Acquire Reliance Worldwide In US$2.8 Bln Deal
Source: Nasdaq
M&A & RestructuringCompany Fundamentals
Brookfield Asset Management agreed to acquire 100% of Reliance Worldwide Corporation, a global plumbing and heating-solutions manufacturer. The transaction expands Brookfield's ownership in an industrial building-products business and is likely to be material primarily for Reliance Worldwide and Brookfield rather than broader markets.
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