Brookfield to Acquire Plumbing Manufacturer Reliance Worldwide

Brookfield (BN.TO) has agreed to acquire 100% of Reliance Worldwide, a manufacturer of plumbing and heating solutions, in a deal worth $2.8 billion, the company said Tuesday.

Reliance's board has unanimously recommended that shareholders vote in favor of the all-cash proposal of $3.38 per share.

The investment will be funded through the Brookfield Capital Partners strategy and its affiliate Brookfield Business Corporation. The deal is expected to close in the first quarter of 2027, subject to customary closing conditions and approvals.

What else is happening in Mining & Metals?

Mining & Metals12h ago

RFA Financial Maintains Quarterly Dividend at CA$0.33 Per Share

RFA Financial (RFA.TO) declared a quarterly dividend at CA$0.33 per share for the quarter ending Sept. 30, the company said Tuesday afternoon.The dividend is payable on Oct. 15, to shareholders of record on Sept. 30.RFA Financial shares closed down CA$0.09 at CA$26.28 on the Toronto Stock Exchange.

$RFA.TO

Mining & Metals12h ago

Goldquest Mining Appoints Dennis Kwong as CFO

GoldQuest Mining (GQC.V) said Tuesday it appointed Dennis Kwong as chief financial officer, effective Sept. 15.Kwong has experience in mining finance, capital markets, mergers and acquisitions, project financing and corporate development.

$GQC.V

Mining & Metals12h ago

Avalon Advanced Materials' Nechalacho Project Included in Canada Investment Summit Prospectus

Avalon Advanced Materials (AVL.TO) said Tuesday its Nechalacho Rare Earths Project in the Northwest Territories was selected for inclusion in the Canada Investment Summit Prospectus.The project will also be showcased by the Government of the Northwest Territories as a strategic critical-minerals development opportunityThe company said the project has been explored in the past "including a historical 2013 Definitive Feasibility Study, extensive drilling and supporting technical studies". It is preparing a Preliminary Economic Assessment for the property.The summit's prospectus features 167 investment opportunities across Canada, including 63 projects in the minerals and metals sector.

$AVL.TO