HedgeCo.Net — Reliance Worldwide Corporation (ASX:RWC) entered a process deed with Brookfield Capital Partners on August 18 around an unsolicited, non-binding A$4.75-a-share cash scheme. Reuters put the equity value at about A$3.55 billion and the enterprise value at about A$4.1 billion, or $2.91 billion. The proposal sits 31.6% above the A$3.61 close on August 17. That is a priced approach and a locked window. It is not a signed Scheme Implementation Deed, and there is no certainty that one wil...
Continue Reading
Sign up for FREE to read the full article and access 151K+ alternative investment headlines.