(Updates with detail on deal)
March 27 (Reuters) - Australia's Origin Energy Ltd (ORG) said on Monday it has signed a binding scheme implementation deed with a consortium led by Canada's Brookfield Asset Management to acquire the energy retailer for A$15.35 billion ($10.21 billion).
Under the scheme, the implied offer price is A$8.912 per share, slightly different from the A$8.90 per share offer made on Feb. 22, as the consideration mix was amended to A$5.78 per share and $2.19 per share.
The implied offer price of A$8.912 represents an enterprise value of A$18.70 billion, and is at a 9.1% premium to Origin's last close of A$8.17.
"The board unanimously recommends that Origin shareholders vote in favour of the scheme in the absence of a superior proposal," the power producer said in a statement.
Origin and the consortium are targeting implementation of the scheme by early calendar 2024.
($1 = 1.5038 Australian dollars) (([email protected]; Twitter: https://twitter.com/sameer_manekar))
News: ORG UPDATE 1-Origin Energy signs $10.2 bln takeover deal with Brookfield-consortium
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