Origin Energy Ltd has received a non-binding acquisition offer of AUD 18.4 billion from a consortium led by Brookfield Asset Management, prompting a significant surge in its stock price.
Target Information
Origin Energy Ltd (ORG.AX) is Australia's second-largest energy producer and retailer. Recently, the company has attracted attention with a non-binding acquisition offer of AUD 18.4 billion (approximately USD 11.8 billion) from a consortium led by Canada's Brookfield Asset Management. This potential deal has significantly impacted the company's stock, causing shares to surge nearly 40% to AUD 8.14 during early trading sessions.
Following an increase in the offer to AUD 9 per share in cash—representing a premium of nearly 55% over the previous closing price of AUD 5.81—Origin has opened its books to the consortium. The company has expressed its intention to recommend shareholders approve the proposal if no superior bid emerges.
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Industry Overview
The Australian energy sector is undergoing transformative changes, actively responding to global price fluctuations and increased demand for sustainable energy sources. The government is currently considering interventi
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Brookfield Asset Management
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in 2023
in a Buyout deal
Disclosed details
Transaction Size: $11,800M