Reliance Worldwide stock slipped 0.84 percent as takeover window nears
Published on 10/07/2026 at 01:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Reliance Worldwide stock (ISIN AU000000RWC7) was last at AUD 4.73 on the ASX on October 6, 2026, down 0.84 percent from the prior close. The market is weighing Brookfield's US$3.38-per-share cash offer against a takeover process that still allows rival bids.
Brookfield deal reaches its next test
According to Yahoo Finance on September 16, 2026, Brookfield agreed to acquire Reliance Worldwide through a scheme of arrangement for US$3.38 per share. The offer values the company at US$2.8 billion and includes a period for alternative proposals.
Listcorp published Reliance Worldwide's September 16, 2026 announcement correcting the go-shop deadline to October 16, 2026. That date keeps the transaction open to competing interest before the scheme advances.
FY26 earnings explain the valuation debate
Reliance reported FY26 net sales of US$1.3056 billion, down 0.7 percent, while adjusted EBITDA fell 12.8 percent to US$242.1 million, according to TradeVulcan. The figures show why Brookfield is buying a recognized plumbing-products platform while earnings remain under pressure from tariffs, copper costs and softer volumes.
The analyst backdrop is more measured. MarketScreener shows a Hold consensus from 14 analysts and an average target of AUD 4.766. That target lies 0.76 percent above the October 6 price of AUD 4.73, leaving the market close to the published consensus valuation.
Stock remains near its yearly high
At AUD 4.73, Reliance Worldwide stock stood 1.25 percent below its 52-week high of AUD 4.79 and AUD 1.87 above its 52-week low of AUD 2.86 on October 6, 2026. Trading volume reached 2,188,225 shares, while market capitalization was AUD 3.5 billion.
The key investor variable is therefore the spread between deal certainty and operating recovery. Brookfield's offer sets a cash reference, while the October 16 deadline preserves a defined window for a superior proposal.
Reliance Worldwide stock trades at AUD 4.73
Reliance Worldwide stock was last at AUD 4.73 on the ASX on October 6, 2026 at 4:10 p.m. AEDT, with a daily change of minus 0.84 percent.
Reliance Worldwide stock facts
- Company: Reliance Worldwide Corporation Limited
- ISIN: AU000000RWC7
- Ticker: RWC
- Trading venue: ASX
- Price (as of October 6, 2026, 4:10 p.m. AEDT): AUD 4.73
- Market capitalization: AUD 3.5 billion (as of October 6, 2026)
- 52-week range: AUD 2.86-4.79 (as of October 6, 2026)
- Sector / Industry: Basic Materials / Construction Materials
Upcoming dates for Reliance Worldwide stock
- October 16, 2026: Go-shop period ends
