SYDNEY, Nov 10 (Reuters) - Australian proxy advisor Ownership Matters on Friday recommended Origin Energy shareholders support a $10.5 billion bid by a consortium led by Canada's Brookfield, the third advisor to swing behind the deal this week.
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% stake to vote against the deal at a Nov. 23 shareholder meeting.
Influential global proxy advisors CGI Glass Lewis and Institutional Shareholder Services (ISS) this week also recommended shareholders back the deal.
News: ORG Third proxy advisor recommends Origin shareholders back $10.5 bln Brookfield bid
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Last
$12.42 |
Change
0.020(0.16%) |
Mkt cap ! $21.39B | |||
| Open | High | Low | Value | Volume |
| $12.39 | $12.42 | $12.34 | $27.91M | 2.251M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 286 | $12.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.42 | 96018 | 1 |
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| ORG (ASX) Chart |