ORG News: Brookfield-led ‘final’ bid for Australian energy giant rebuffed by largest shareholder - 2nd Nov 2023, 5:08pm

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A “best and final” offer from a Brookfield-led consortium to take over Australia’s largest energy provider has been immediately rebuffed by the target’s biggest shareholder, putting the A$19.4bn ($12.5bn) deal in the balance. The future of Origin Energy, which has 4.2mn retail customers and a stake in a large offshore gas project, will now be determined on November 23, when shareholders will vote on the new offer. The 8 per cent increase in the bid came after AustralianSuper,...

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