2249 GMT - Jefferies expects little opposition from investors in plumbing-fittings supplier Reliance Worldwide to the takeover offer from the private equity arm of Brookfield Asset Management. Brookfield is offering A$4.75/share in cash, valuing Reliance's equity at A$3.55 billion. It has raised its offer three times and will now conduct due diligence after Reliance signaled a willingness to support a bid at current levels. Analyst Ramoun Lazar notes Reliance disclosed the offer alongside a cut to expectations for FY27, driven by profit-margin headwinds. "Given another downgrade and little prospect of improvement likely for another 12 months investors are likely to support any formal proposal," Jefferies says. It downgrades Reliance to "hold," from "buy," while raising its price target to be in line with Brookfield's offer.