AustralianSuper rejects Brookfield’s ‘best and final’ $10.5 bln bid for Origin Energy

Industry: Energy 6 months ago

Pension fund AustralianSuper said it intended to vote against Brookfield-consortium’s “best and final” takeover offer for Origin Energy Ltd that valued the power producer at A$16.40 billion ($10.53 billion).

The consortium’s sweetened offer of A$9.53 per share comes days after AustralianSuper, Origin’s biggest shareholder, rejected the prior offer of A$8.81 apiece.

Source: Reuters.com

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