Nov 30 (Reuters) - BROOKFIELD ASSET MANAGEMENT LTD BAM.TO :
- UPDATE ON REVISED PROPOSAL AND SCHEME MEETING
- REVISED PROPOSAL IS INCOMPLETE AND HIGHLY CONDITIONAL
- PURSUIT OF REVISED PROPOSAL WOULD RESULT IN AN EXTENDED TIMELINE.
- CONSIDERS REVISED PROPOSAL IS NOT IN BEST INTERESTS OF ORIGIN OR ITS SHAREHOLDERS
- CONTINUES TO UNANIMOUSLY RECOMMEND THAT SHAREHOLDERS VOTE IN FAVOUR OF SCHEME AT SCHEME MEETING
- REVISED PROPOSAL IS INCOMPLETE, COMPLEX, HIGHLY CONDITIONAL, AND DOES NOT PROVIDE SUFFICIENT CERTAINTY FOR ORIGIN SHAREHOLDERS
- REVISED PROPOSAL DOES NOT ADEQUATELY COMPENSATE SHAREHOLDERS, INCLUDING TAKING INTO ACCOUNT THE EXTENDED TIMELINE THAT THE REVISED PROPOSAL WOULD REQUIRE
- BOARD WILL REMAIN OPEN TO STRATEGIC OPTIONS THAT ENHANCE SHAREHOLDER VALUE
- IF CURRENT SCHEME IS NOT APPROVED AT SCHEME MEETING ON 4 DEC, BOARD AND MANAGEMENT WILL CONTINUE TO EXECUTE ON ORIGIN'S STRATEGY
- SCHEME MEETING AT WHICH SHAREHOLDERS WILL VOTE ON PROPOSED SCHEME WILL PROCEED AS PLANNED ON 4 DEC
News: ORG Origin Energy Says Revised Proposal Is Incomplete And Highly Conditional
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Last
$12.02 |
Change
0.090(0.75%) |
Mkt cap ! $20.70B | |||
| Open | High | Low | Value | Volume |
| $11.93 | $12.05 | $11.91 | $24.41M | 2.033M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1921 | $11.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.05 | 6464 | 3 |
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| ORG (ASX) Chart |