Brookfield to Acquire Reliance Worldwide at $3.38 Per Share in Cash

The all-cash structure is the notable detail: it signals a clean exit for Reliance Worldwide shareholders rather than a scrip-based merger, and it puts Brookfield's balance sheet, not the public market, behind the valuation. For a sector where listed pure-plays have traded at persistent discounts, a take-private at a fixed cash price is a reminder that private capital is setting the clearing level. The open question is whether this becomes a template for other under-valued listed names in the same space, or stays a one-off.