Origin Energy’s board said the revised proposal was incomplete and complex as it recommended investors vote in favour of an existing $18.7 billion offer.
The Origin Energy takeover saga continues with the company declining a revised acquisition proposal from Brookfield Renewable Partners. The board labelled.
The former prime minister has intervened in Brookfield and EIG’s $20 billion takeover offer, saying Australia needs the bid ‘like we need a hole in the head’.
Someone has cooked the golden goose, and fingers are pointing at underwriters, investors, private equity and advisers, after last week’s spectacular blow up.