India, Aug. 18 -- Reliance Worldwide Corporation Limited (RWC), an Australian manufacturer of plumbing products, Tuesday announced that it has entered into a process deed with Brookfield Capital Partners LLC, a unit of alternative investment management major, Brookfield Corporation (BN).
This follows Brookfield's unsolicited, non-binding, indicative proposal to acquire 100 percent of the common shares of RWC in cash for A$4.75 per RWC share bringing the total transaction to approximately A$4.1 billion.
The cash offer of A$4.75 per share represents a 31.6 percent premium to RWC's last closing price of A$3.61 per share on August, 17 and a 32.8 percent premium to RWC's 3-month volume weighted average price of A$3.58 per share up until August...