AFR: It’s once bitten, twice shy for the M&A arbitrage funds at Origin Energy, who are back stressing about whether Brookfield and EIG will stand up their $18.2 billion offer, like neurotic HC amateur pundits having a bad hair day …
Their nervousness had Origin shares close at $7.82 on Tuesday - their lowest level since the Australian energy giant confirmed its re-cut $8.90 a share indicative bid on February 22
The funds have been scouting around for proof of life. Bankers on both sides are telling them not to fret, but a falling share price and the wobbly financial market conditions is making it hard for M&A punters that don’t pay attention in class.
Street Talk’s seen a bunch of regulatory filings that suggest Brookfield and EIG are readying corporate structures and the like, which is only something a bidder does at this late stage when it’s still working hard on getting the deal done, so chill out and await the free cash.
- Forums
- ASX - By Stock
- ORG
- Ann: Revised proposal from Consortium at $8.90 per share
Ann: Revised proposal from Consortium at $8.90 per share, page-135
-
- There are more pages in this discussion • 64 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ORG (ASX) to my watchlist
(20min delay)
|
|||||
Last
$10.69 |
Change
0.270(2.59%) |
Mkt cap ! $18.35B |
Open | High | Low | Value | Volume |
$10.50 | $10.69 | $10.44 | $34.73M | 3.511M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
36 | 27816 | $10.68 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.69 | 12471 | 32 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
29 | 16803 | 10.670 |
24 | 28112 | 10.660 |
12 | 14926 | 10.650 |
16 | 23835 | 10.640 |
11 | 15114 | 10.630 |
Price($) | Vol. | No. |
---|---|---|
10.680 | 13068 | 33 |
10.690 | 21394 | 24 |
10.700 | 29056 | 18 |
10.710 | 21679 | 10 |
10.720 | 56159 | 9 |
Last trade - 15.14pm 21/06/2024 (20 minute delay) ? |
Featured News
ORG (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online