Feb 22 (Reuters) - Origin Energy Ltd (ORG) :
- REVISED PROPOSAL FROM CONSORTIUM AT A$8.90 PER SHARE
- CONSORTIUM HAS SUBMITTED A REVISED CONDITIONAL AND NON-BINDING PROPOSAL TO BUY ALL SHARES IN ORIGIN BY WAY OF A SCHEME OF ARRANGEMENT
- PRICE PAYABLE WOULD BE REDUCED BY ANY DIVIDENDS PAID BY ORIGIN PRIOR TO COMPLETION
- CONSORTIUM NOTED INCLUSION OF US$ CONSIDERATION REFLECTS UNDERLYING EXPOSURE OF INTEGRATED GAS ASSETS
- ON REVISED PROPOSAL, INTENDS TO CONTINUE TO PROGRESS DISCUSSIONS WITH CONSORTIUM INCLUDING NEGOTIATION OF A SID
- ORIGIN BOARD CONSIDERS REVISED PROPOSAL HAS POTENTIAL TO DELIVER SIGNIFICANT VALUE TO SHAREHOLDERS
News: ORG Origin Energy Announces Revised Proposal From Consortium At A$8.90 Per Share
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