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By Scott Murdoch and Lewis Jackson
SYDNEY (Reuters) -Origin Energy's shareholders have rejected a $10.6 billion bid by a Brookfield-led consortium for Australia's largest power retailer at a shareholder meeting on Monday.
The proxy votes were 31.07% against the bid with 66.97% in favour, according to presentation materials shown to investors, lower than the 75% threshold required for a takeover to proceed.
Chairman Scott Perkins said after the vote that Origin will continue as an independent,...
>>> Read more: Origin investors reject Brookfield's $10.6 billion bid on proxy votes
SYDNEY (Reuters) -Origin Energy's shareholders have rejected a $10.6 billion bid by a Brookfield-led consortium for Australia's largest power retailer at a shareholder meeting on Monday.
The proxy votes were 31.07% against the bid with 66.97% in favour, according to presentation materials shown to investors, lower than the 75% threshold required for a takeover to proceed.
Chairman Scott Perkins said after the vote that Origin will continue as an independent,...
>>> Read more: Origin investors reject Brookfield's $10.6 billion bid on proxy votes
