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By Scott Murdoch
(Reuters) -Origin Energy on Thursday rejected a "complex" $10.6 billion back-up offer by a Brookfield-led consortium to buy out the firm but recommended investors agree to the group's existing bid.
Origin shares were down 2.5% to A$8.12 in early trade on Thursday to the lowest level in eight months.
Origin said in a statement its board had deemed the revised proposal "incomplete, complex, highly conditional and not providing sufficient certainty for its shareholders".
Brookf...
>>> Read more: Origin rejects 'complex' revised Brookfield offer, recommends current bid
(Reuters) -Origin Energy on Thursday rejected a "complex" $10.6 billion back-up offer by a Brookfield-led consortium to buy out the firm but recommended investors agree to the group's existing bid.
Origin shares were down 2.5% to A$8.12 in early trade on Thursday to the lowest level in eight months.
Origin said in a statement its board had deemed the revised proposal "incomplete, complex, highly conditional and not providing sufficient certainty for its shareholders".
Brookf...
>>> Read more: Origin rejects 'complex' revised Brookfield offer, recommends current bid
