"Origin situation is different to OZL" @ZMan As a point of...

"Origin situation is different to OZL"

@ZMan

As a point of comparison, consider Brookfield and EIG’s bid for Origin 13% bump in the price, to $28.25 a share Energy last week, widely described by Origin shareholders as a knockout offer.

That deal involved a premium to Origin’s last close of 50%, and a premium to the volume-weighted average price over the prior 30 days of 57%, while BHP’s bid for OZ Minerals is at premiums of 49% and 60% respectively.

Further, BHP is paying a price to net asset value multiple of 1.2 times for OZ, compared to the average multiple of 1 in big mining M&A deals in the past 3 years. The updated price also represents an enterprise value to earnings before interest, taxes, depreciation and amortisation multiple of 11.7 times, compared to 4.8 times in those recent deals.

Cheers

These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.