Newsquawk Logo

PRE-MARKET AUSTRALIAN, JAPANESE & SOUTH KOREAN STOCKS NEWS: Brookfield agreed to acquire Reliance Worldwide for USD 2.8bln

An all-cash takeover of a listed industrial by a large infrastructure and private capital buyer fits a familiar pattern: cash bids at a fixed price typically see the target trade up toward the offer, with the residual spread reflecting completion risk, timing, and any competing-bid optionality rather than fundamentals.

Newsquawk StaffPublished On the live feed at — 4 more headlines followed before this page went public
Newsquawk headlinesUTC

Anthropic and Salesforce (CRM) deepen Claude partnership, with around 7,000 Salesforce staff using Claude‑integrated tools, as debate over AI development speed and regulation continues

Saudi air defences intercept and destroy drone attempting to enter Mecca airspace

PRE-MARKET AUSTRALIAN, JAPANESE & SOUTH KOREAN STOCKS NEWS: Brookfield agreed to acquire Reliance Worldwide for USD 2.8bln

Japanese Machinery Orders (Jul MM) -3.7% vs. Exp. -2.8% (Prev. 9.7%)

Japanese Machinery Orders (Jul YY) 11.2% vs. Exp. 15.3% (Prev. 16.9%)

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Try the platform free
Free. No signup, no card.

AUSTRALIA

Infratil (IFT AT) - Co. raised FY27 proportionate EBITDAF guidance to NZD 1.32bln-1.42bln from NZD 1.30bln-1.40bln, while CDC Data Centres' FY27 EBITDAF guidance was raised to AUD 710mln-750mln from AUD 680mln-720mln following new contract wins and operating cost savings. (Motley Fool)

James Hardie Industries (JHX AT) - Co. targets annual organic growth of 4%-7% above market, expects USD 125mln of cost synergies one year ahead of schedule, said USD 500mln of revenue synergies are on track, raised its FY27 free cash flow target to at least USD 600mln, reaffirmed FY27 net sales and adjusted EBITDA guidance, and reaffirmed capital allocation priorities including reducing net leverage. (Dow Jones Newsplus)

Ramelius Resources (RMS AT) - Co. will release its FY27 guidance and four-year outlook on September 21. (Dow Jones Newsplus)

Reliance Worldwide Corporation (RWC AT) - Brookfield agreed to acquire the Co. for USD 3.38/shr in cash in a USD 2.8bln deal. (Newswires)

Rio Tinto (RIO AT) - Four of the world's largest private equity firms are reportedly assessing a potential AUD 2bln-3bln selldown of the Co.'s Pilbara infrastructure assets. (The Australian)

JAPAN

Hitachi (6501 JT) - Co.'s Hitachi Energy plans to invest USD 528mln in a new transformer factory in Mississippi, its largest single investment under its US manufacturing expansion. (Nikkei)

Inpex (1605 JT) - Co. is seeing strong buyer interest in its Abadi LNG project in Indonesia as the closure of the Strait of Hormuz increases demand for energy supplies that avoid the Middle East route. (Nikkei)

JFE Holdings (5411 JT) - Co.'s JFE Engineering unit and Japanese startups are expanding into the Philippine renewable energy market, including solar power, battery storage and electricity retailing, often in partnership with local companies. (Nikkei)

Nissan Motor (7201 JT) - Co. will invest GBP 170mln to build a new hybrid SUV at its UK plant. (FT)

Sharp (6753 JT) - Co. has begun accepting orders for AI servers developed in collaboration with parent Foxconn, leveraging Foxconn's procurement capabilities amid tight component supply. (Nikkei)

Shimizu (1803 JT) - Co. is partnering with US developer Kennedy Wilson on a rental housing development in Atlanta, Georgia. (Nikkei)

SOUTH KOREA

Korean Air (003490 KS) - Co. will maintain Asiana Airlines' (020560 KS) mileage program for 10 years after the two carriers merge. (Nikkei)

POSCO Holdings (005490 KS) - Co.'s unionized workers began a second partial strike after failing to narrow differences with management in wage negotiations. (Yonhap)

Other News

South Korean Foreign Minister will meet with the US Secretary of State on September 18th. (Yonhap)

South Korea is reportedly seeking to acquire a 15% stake in Westinghouse, according to South Korean press. (Newswires)

Context

Brookfield has prior form in acquiring steady, cash-generative industrial and building-products assets, the kind of plumbing and water-flow exposure that infrastructure funds have historically valued for its annuity-like demand, so the strategic logic here is consistent with the buyer's established playbook. The distinction worth drawing is between the agreed cash price and the enterprise headline figure, since leverage and the funding structure determine how the deal clears, and between a recommended deal and a hostile one, with agreed terms implying the board's support and a scheme-style path that in this market runs through a shareholder vote and court approval. Follow-ons of the usual kind are the scheme booklet, any FIRB or other regulatory clearance given the foreign buyer, the shareholder register for potential interlopers, and financing disclosure. Deal chatter of this type has tended to re-rate peer plumbing and building-products names on read-across, though that effect has generally faded once the scarcity premium was absorbed. The wider pre-market list carries the usual mix of guidance updates and capex items that set the tone for the open rather than repricing the market.

Related headlines

The whole workspace, free to try.

Try it free
Newsquawk Logo

© 2026 Newsquawk. All rights reserved.