(Updates with deal value in paragraph 1, Origin statement in paragraph 3)
Nov 2 (Reuters) - Australia's Origin Energy (ORG) said on Thursday it had received a sweetened takeover bid from a Brookfield consortium, valuing the power producer at A$16.40 billion ($10.49 billion), days after its top shareholder rejected the previous offer.
The consortium led by Canada's Brookfield BAM.TO is now offering Origin shareholders A$9.53 per share, up 8.2% from the prior offer of A$8.81 apiece, and a 5.1% premium to its last close.
"The Origin board unanimously recommends that shareholders vote in favour of this revised Scheme at the scheme meeting, in the absence of a superior proposal," the power producer said in a statement. ($1 = 1.5640 Australian dollars) (([email protected]; Twitter: https://twitter.com/sameer_manekar))
News: ORG UPDATE 1-Origin Energy gets sweetened $10.5 bln bid from Brookfield consortium
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Last
$12.42 |
Change
0.020(0.16%) |
Mkt cap ! $21.39B | |||
| Open | High | Low | Value | Volume |
| $12.39 | $12.42 | $12.34 | $27.91M | 2.251M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 286 | $12.37 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.42 | 96018 | 1 |
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| Last trade - 16.12pm 05/09/2025 (20 minute delay) ? |
| ORG (ASX) Chart |