Oct 19 (Reuters) - Origin Energy (ORG) on Thursday said an independent evaluation of its A$15.35 billion ($9.67 billion) takeover from a Brookfield Corp-led BN.TO consortium valued Origin's equity at A$8.45 - A$9.48 per share, deeming it "fair and reasonable".
The range covers the offer price of about A$8.81 apiece from the consortium's March bid.
However, shares of Origin, the country's second-largest power generator, closed much higher than the offer price at A$9.21 in the previous session.
The deal requires shareholder approval by 75% of votes cast at a scheme meeting. Australian Super, the largest investor, raised its stake to 14% last month and called the shares undervalued.
Brookfield declined to respond to a Reuters request for comment. ($1 = 1.5881 Australian dollars)
News: ORG Australia's Origin says independent expert deemed Brookfield's $9.7 bln bid "fair"
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ORG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$10.72 |
Change
0.040(0.37%) |
Mkt cap ! $18.46B | |||
| Open | High | Low | Value | Volume |
| $10.70 | $10.79 | $10.64 | $29.59M | 2.758M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1649 | $10.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.73 | 3226 | 1 |
View Market Depth
| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| ORG (ASX) Chart |