ORG News: Second proxy advisor backs Brookfield's $10.5 billion bid for Origin Energy - 9th Nov 2023, 12:03pm

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By Scott Murdoch and Lewis Jackson

SYDNEY (Reuters) -Proxy advisor CGI Glass Lewis on Thursday recommended Origin Energy shareholders vote in favour of a $10.5 billion bid from a consortium led by Canada's Brookfield, despite opposition from the target's largest shareholder.

Brookfield and EIG Partners last week offered a "best and final" A$9.53 per share for Origin after raising a previous bid.

Australia's largest pension fund AustralianSuper opposes the offer and intends to use its 15% stak...

>>> Read more: Second proxy advisor backs Brookfield's $10.5 billion bid for Origin Energy
 
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