Origin Energy gets sweetened $10.5 billion bid from Brookfield consortium
© Reuters. Miniatures of windmill, solar panel and electric pole are seen in front of Brookfield Renewable logo in this illustration taken January 17, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
- Australia's Origin Energy said on Thursday it had received a sweetened takeover bid from a Brookfield consortium, valuing the power producer at A$16.40 billion , days after its top shareholder rejected the previous offer. The consortium led by Canada's Brookfield is now offering Origin shareholders A$9.53 per share, up 8.2% from the prior offer of A$8.81 apiece, and a 5.1% premium to its last close.
"The Origin board unanimously recommends that shareholders vote in favour of this revised Scheme at the scheme meeting, in the absence of a superior proposal," the power producer said in a statement.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.
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