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Buyout offer fails to reach 75% threshold
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AustralianSuper says it welcomed vote
(Adds comments from Origin management and AustralianSuper)
By Scott Murdoch and Lewis Jackson
SYDNEY, Dec 4 (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 investor...
>>> Read more: UPDATE 2-Origin investors reject Brookfield's $10.6 bln bid on proxy votes
Buyout offer fails to reach 75% threshold
*
AustralianSuper says it welcomed vote
(Adds comments from Origin management and AustralianSuper)
By Scott Murdoch and Lewis Jackson
SYDNEY, Dec 4 (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 investor...
>>> Read more: UPDATE 2-Origin investors reject Brookfield's $10.6 bln bid on proxy votes
