Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 1 & 22 : 1-Nov-23
The $18.7 billion takeover bid for Origin Energy will require the support of 75 per cent of shareholders when they vote on the deal later in November. However, the acquisition of Origin by Brookfield Asset Management and EIG Partners appears to be increasingly uncertain, following AustralianSuper’s decision to reject the deal. The industry superannuation giant has a 13.7 per cent stake in Origin, contending that the offer of about $8.81 per share is substantially below its estimate of Origin’s long-term value. Several other institutional investors believe that the offer price is too low.
CORPORATES
ORIGIN ENERGY LIMITED – ASX ORG, BROOKFIELD ASSET MANAGEMENT INCORPORATED, EIG GLOBAL ENERGY PARTNERS, AUSTRALIANSUPER PTY LTD