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)
Oct 19 (Reuters) - Origin Energy (ORG) on Thursday said an...
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Last
$10.86 |
Change
-0.090(0.82%) |
Mkt cap ! $18.70B | |||
| Open | High | Low | Value | Volume |
| $10.94 | $11.06 | $10.86 | $35.83M | 3.279M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 112720 | $10.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.88 | 176 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ORG (ASX) Chart |