Conscious there’s a myriad of reasons to sell, but it looks like the Munz family are getting out. From the AFR:
Macquarie's equities desk is seeking buyers for a large parcel of shares in plumbing supplies company Reliance Worldwide Corp.
It is understood the investment bank has bought a 10 per cent stake in the company from the Munz family and is seeking to sell it down to fund managers.
The 79 million shares were being offered at $4.65 a share on Tuesday night.
Reliance shares last closed at $4.88.
The stake was worth $367 million and represented all of the Munz family's investment in the company.
It represents the end of an era for Reliance, which was wholly owned by the Munz family before it was floated in 2016.
Conscious there’s a myriad of reasons to sell, but it looks like...
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$4.53 |
Change
0.140(3.19%) |
Mkt cap ! $3.557B | |||
| Open | High | Low | Value | Volume |
| $4.47 | $4.59 | $4.44 | $15.33M | 3.390M |
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| No. | Vol. | Price($) |
|---|---|---|
| 7 | 67689 | $4.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.53 | 35034 | 2 |
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