Global Infrastructure SherpaBrookfield submits bid for Origin Energy
Origin Energy backed a revised A$19.2 billion ($12.76 billion) takeover bid from Brookfield Asset Management and its partner EIG. The deal aims to accelerate Origin's transition to renewable energy.
Source Intelligence
The meeting to vote on the original bid has been delayed until Dec. 4. "A meeting in Sydney to vote on the original bid on Thursday has been delayed until Dec. 4 to consider the new offer, the company said."
"received a revised $10.6 billion takeover bid from a Brookfield-led consortium"
"Brookfield submits new $10.6 bln proposal for Australia's Origin Energy"
"Brookfield's consortium partner EIG Partners would take on Origin's integrated gas business"
"The company's biggest investor, Australian Super , which has a 16.5 percent stake in Origin, said it would vote no to the original offer"