Australia’s Origin Energy Bags $10bn takeover bid

Australia’s Origin Energy Bags $10bn takeover bid

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  • AustraliaOrigin Energy Ltd(OTC: OGFGY) (OTC: OGFGF)received a takeover bidvalued at approximately $10 billion by a consortium led byBrookfield Asset Management Inc.(NYSE: BAM).
  • Origin said theconsortiummade up of Brookfield and the LNG arm of private equity firm EIG, had indicated it would make a cash offer at A$9 per share, equivalent to $5.79.
  • Origin said its board plans to recommend shareholders vote for a deal…

Full story available at Benzinga.com

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