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Brookfield Renewable (NYSE: BEPC) (NYSE: BEP) fell short in its attempt to win shareholder approval for its takeover of Australian utility Origin Energy. The global renewable energy producer was working with several partners to take that company private to accelerate its transition to lower-carbon energy. The deal would have helped move the needle for Brookfield by providing near-term cash flow and long-term growth potential.
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>>> Read more: This Wealth-Creating Dividend Stock Swings and Misses at a Big Acquisition. Is It Still Worth Buying?
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>>> Read more: This Wealth-Creating Dividend Stock Swings and Misses at a Big Acquisition. Is It Still Worth Buying?