• Like
  • Comment
  • Favorite

Market Chatter: Reliance Worldwide Draws Buyout Interest From Masco, Carlyle, Blackstone, Says The Australian

MT Newswires Live07:45

Reliance Worldwide (ASX:RWC) is drawing interest from multiple suitors as Brookfield's bid for the company faces competition, with US-based Masco believed to be among the parties assessing a potential offer, according to a Sunday report by The Australian.

The report said at least one other strategic suitor is also weighing a possible bid alongside Masco, while US private equity firms Carlyle Group and Blackstone are understood to be examining the company to gauge their interest in a deal, with other private equity firms potentially also in the mix.

The go-shop period, during which Reliance Worldwide can solicit competing offers, is set to end on Oct. 15, the report added.

Masco, Carlyle Group, and Blackstone did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

empty
No comments yet
 
 
 
 

Most Discussed

 
 
 
 
 

7x24