ORG News: Brookfield's $10.6 bln bid for Origin Energy expected to fail on Monday - 4th Dec 2023, 7:00am

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By Scott Murdoch

SYDNEY, Dec 4 (Reuters) - The outcome of a Brookfield consortium's $10.6 billion bid for Australia's Origin Energy will be officially known on Monday, with investors expected to vote down its year-long attempt to buy the country's largest power retailer.

Origin’s largest shareholder, A$300 billion ($198.36 billion) pension fund AustralianSuper, has said it would reject the A$9.39 per share offer.

AustralianSuper owns about 17% of Origin, which should be enough to block t...

>>> Read more: Brookfield's $10.6 bln bid for Origin Energy expected to fail on Monday
 
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