ORG 3.48% $10.41 origin energy limited

In the Media Release it says"As part of the negotiations to...

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    In the Media Release it says

    "As part of the negotiations to increase the total cash payment, Origin has agreed certain amendments to the existing standstill arrangements. Under these arrangements, in the six months following an unsuccessful scheme vote, any acquisition by the Consortium (or individual members) of more than 5 per cent of the issued capital of the Company must be accompanied by an off market takeover bid for 100 per cent of the Company. Such a takeover must be subject to a 50.1 per cent minimum acceptance condition and be launched within three months of any purchase above 5 per cent."

    I understand why the Board would mention this as a threat, but can anyone explain why would Brookfield and EIG actually want to go through with that? Assuming they can't get to 90% through these off-market solicitations (and obviously they can't) would this not just create an extremely messy situation that does not fit with their goals in acquiring Origin in the first place.
    Last edited by viktorb: 02/11/23
 
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