In today’s briefing:
- Origin Energy: Brookfield’s Energy Transition Bet
Origin Energy: Brookfield’s Energy Transition Bet
- Brookfield and EIG/MidOcean are Offering Origin Energy (ORG AU) shareholders $9.00/share, a 54.9% premium to last close, by way of a Scheme. The Offer is non-binding and indicative.
- Negotiations kicked off at $7.95 for the LNG developer in early August. Exclusive due diligence has been granted.
- A firm offer will be contingent on ACCC and FIRB approval. Such a takeover may actually play into the Albanese government’s future energy plans.
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