Daily BriefsEnergy & Materials Sector

Daily Brief Energy/Materials: Origin Energy, Medco Energi and more

In today’s briefing:

  • Origin Energy (ORG AU): Indicative Proposal from Brookfield & MidOcean; Index Implications
  • Morning Views Asia: Central China Securities, China Fortune Land, Country Garden Holdings Co

Origin Energy (ORG AU): Indicative Proposal from Brookfield & MidOcean; Index Implications

By Brian Freitas

  • A Brookfield/MidOcean consortium has made a conditional, non-binding, indicative proposal to acquire 100% of the shares in Origin Energy (ORG AU) at A$9/share in cash.
  • The offer values Origin Energy (ORG AU)‘s equity at A$15.5bn and is a 54.9% premium to the last close. The premium is over 50% even using longer term VWAPs.
  • There will be changes to the S&P/ASX family of indices to maintain the number of index members. We will know more once an indicative timeline is published.

Morning Views Asia: Central China Securities, China Fortune Land, Country Garden Holdings Co

By Charles Macgregor

Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.


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