Stock Market News
AustralianSuper rejects Brookfield’s ‘best and final’ $10.5 billion bid for Origin Energy
2023.11.01 22:33
© Reuters. Miniatures of windmill, solar panel and electric pole are seen in front of Brookfield Renewable logo in this illustration taken January 17, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) – Pension fund AustralianSuper said on Thursday it intended to vote against Brookfield-consortium’s “best and final” takeover offer for Origin Energy Ltd that valued the power producer at A$16.40 billion ($10.53 billion).
The consortium’s sweetened offer of A$9.53 per share comes days after AustralianSuper, Origin’s biggest shareholder, rejected the prior offer of A$8.81 apiece.
(This story has been refiled to fix a typo in paragraph 1)
