WELL-DONE ALERT: Reliance Worldwide Corporation said to...

Reliance Worldwide Corporation, the Australian plumbing equipment manfacturer, is in advanced talks to buy privately-owned UK-based John Guest for £500 million.

According to sources claiming to be familiar with the matter, Reliance Worldwide Corporation (RWC) - which is listed in Australia - beat off competition from several private equity firms, including US-based AEA Investors, for John Guest...