{"id":71828,"date":"2026-09-15T19:38:11","date_gmt":"2026-09-15T23:38:11","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/brookfield-to-acquire-reliance-worldwide-for-2-9-billion-gold-under-pressure-ahead-of-fed\/71828\/"},"modified":"2026-09-15T19:38:11","modified_gmt":"2026-09-15T23:38:11","slug":"brookfield-to-acquire-reliance-worldwide-for-2-9-billion-gold-under-pressure-ahead-of-fed","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/brookfield-to-acquire-reliance-worldwide-for-2-9-billion-gold-under-pressure-ahead-of-fed\/71828\/","title":{"rendered":"Brookfield to Acquire Reliance Worldwide for $2.9 Billion; Gold Under Pressure Ahead of Fed"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_86 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/brookfield-to-acquire-reliance-worldwide-for-2-9-billion-gold-under-pressure-ahead-of-fed\/71828\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/brookfield-to-acquire-reliance-worldwide-for-2-9-billion-gold-under-pressure-ahead-of-fed\/71828\/#Brookfield_to_Take_Reliance_Worldwide_Private\" >Brookfield to Take Reliance Worldwide Private<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/brookfield-to-acquire-reliance-worldwide-for-2-9-billion-gold-under-pressure-ahead-of-fed\/71828\/#Commodities_Gold_Slumps_as_Rate_Hike_Looms\" >Commodities: Gold Slumps as Rate Hike Looms<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/brookfield-to-acquire-reliance-worldwide-for-2-9-billion-gold-under-pressure-ahead-of-fed\/71828\/#Glencore_Faces_2_Billion_Legal_Dispute\" >Glencore Faces $2 Billion Legal Dispute<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/brookfield-to-acquire-reliance-worldwide-for-2-9-billion-gold-under-pressure-ahead-of-fed\/71828\/#Geopolitics_and_Domestic_Policy\" >Geopolitics and Domestic Policy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/brookfield-to-acquire-reliance-worldwide-for-2-9-billion-gold-under-pressure-ahead-of-fed\/71828\/#Tech_and_Economic_Data\" >Tech and Economic Data<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Brookfield Capital Partners<\/strong> has entered a definitive agreement to acquire <strong>Reliance Worldwide Corporation (<a href=\"\/stock\/RWC\">RWC<\/a>)<\/strong> for <strong>$3.38 per share<\/strong>, valuing the company at an enterprise value of <strong>$2.9 billion<\/strong>.<\/li>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">Gold prices<\/a><\/strong> remain pressured below <strong>$4,300 an ounce<\/strong> as markets price in a <strong>95% probability<\/strong> of a Federal Reserve interest rate hike this week.<\/li>\n<li><strong>Glencore (<a href=\"\/stock\/GLNCY\">GLNCY<\/a>)<\/strong> is embroiled in a legal battle with <strong>Radiant World<\/strong>, taking a <strong>$480 million provision<\/strong> amid allegations of falsified invoices and a <strong>$2 billion counter-lawsuit<\/strong>.<\/li>\n<li><strong>U.S. Secretary of State Marco Rubio<\/strong> announced new visa restrictions targeting foreign nationals involved in race-based discrimination or land confiscation in <strong>South Africa<\/strong>.<\/li>\n<li><strong>Meta Platforms (<a href=\"\/stock\/META\">META<\/a>)<\/strong> is reportedly preparing to launch &quot;Luna&quot; smart glasses this fall, notably featuring a <strong>camera-free design<\/strong> to address growing privacy concerns.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Brookfield_to_Take_Reliance_Worldwide_Private\"><\/span>Brookfield to Take Reliance Worldwide Private<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Reliance Worldwide Corporation (<a href=\"\/stock\/RWC\">RWC<\/a>)<\/strong> has entered into a scheme implementation deed with <strong>Brookfield Capital Partners<\/strong>. Under the terms of the deal, Brookfield will acquire 100% of the company for <strong>$3.38 cash per share<\/strong>. This offer represents an enterprise value of <strong>$2.9 billion<\/strong> and an <strong>EV\/FY26 EBITDA multiple of 12.1x<\/strong>.<\/p>\n<p>The agreement includes a <strong>&quot;go-shop&quot; provision<\/strong> allowing RWC to solicit alternative proposals until <strong>October 15, 2026<\/strong>. If no superior offer emerges, the scheme is expected to be implemented in the <strong>first quarter of 2027<\/strong>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Commodities_Gold_Slumps_as_Rate_Hike_Looms\"><\/span>Commodities: Gold Slumps as Rate Hike Looms<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Spot gold<\/strong> is trading lower at <strong>$4,295.54<\/strong>, down more than <strong>3% for the month of September<\/strong>. Bullion is facing significant headwinds as traders prepare for a near-certain <strong>Federal Reserve rate hike<\/strong> this week. High <strong>10-year U.S. Treasury yields<\/strong>, currently near two-decade highs, and rising <a href=\"https:\/\/stockmarketwatch.com\/energy\/crude-oil\" data-internallinksmanager029f6b8e52c=\"12\" title=\"Crude oil\">oil prices<\/a> are further dampening the appeal of non-yielding assets.<\/p>\n<p>Despite the short-term weakness, analysts note that <strong>central-bank buying<\/strong> and concerns over currency debasement continue to support gold&#39;s long-term status as a portfolio hedge. In contrast to gold&#39;s decline, <strong><a href=\"https:\/\/stockmarketwatch.com\/metal\/silver\" data-internallinksmanager029f6b8e52c=\"5\" title=\"silver price today\">silver<\/a><\/strong> edged up <strong>0.3% to $63.38 an ounce<\/strong>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Glencore_Faces_2_Billion_Legal_Dispute\"><\/span>Glencore Faces $2 Billion Legal Dispute<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Mining giant <strong>Glencore (<a href=\"\/stock\/GLNCY\">GLNCY<\/a>)<\/strong> has terminated all business dealings with <strong>Radiant World<\/strong> and <strong>Sapphire Minmetals<\/strong>, alleging the submission of <strong>falsified invoices, contracts, and fabricated emails<\/strong>. Glencore has already taken a <strong>$480 million provision<\/strong> related to the fallout of these business relationships.<\/p>\n<p>In response, <strong>Radiant World<\/strong> and <strong>Sapphire Minmetals<\/strong> have filed a <strong>$2 billion lawsuit<\/strong> in Singapore, alleging breaches of contract. Glencore has stated it will <strong>vigorously contest<\/strong> the claims, marking a significant legal escalation for the commodities trader.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Geopolitics_and_Domestic_Policy\"><\/span>Geopolitics and Domestic Policy<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>U.S. Secretary of State Marco Rubio<\/strong> has introduced a new visa restriction policy aimed at South African officials. The policy targets those who enable <strong>race-based discrimination<\/strong> or <strong>land confiscation without compensation<\/strong>. Rubio criticized the South African government for its &quot;obsessive pursuit of racial grievance&quot; against the Afrikaner minority.<\/p>\n<p>In Washington, the House of Representatives voted <strong>232-147<\/strong> to block an impeachment attempt against <strong>Donald Trump<\/strong> led by Rep. Al Green. This represents the <strong>third failed impeachment push<\/strong> in two years, highlighting continued partisan friction in Congress.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tech_and_Economic_Data\"><\/span>Tech and Economic Data<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>Meta Platforms (<a href=\"\/stock\/META\">META<\/a>)<\/strong> is pivoting its hardware strategy with the upcoming &quot;Luna&quot; smart glasses. By removing cameras, the company aims to bypass <strong>privacy controversies<\/strong> that have hindered previous wearable tech. The product is expected to debut this fall.<\/p>\n<p>In economic news, <strong>New Zealand<\/strong> reported a narrower-than-expected <strong>Q2 current account deficit<\/strong> of <strong>NZ$1.67 billion<\/strong>. The year-to-June deficit stands at <strong>3.2% of GDP<\/strong>, outperforming analyst forecasts of 3.9% and suggesting a more resilient trade position for the island nation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Brookfield Capital Partners has entered a definitive agreement to acquire Reliance Worldwide Corporation (RWC) for $3.38 per share, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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