-- Brookfield Asset Management Inc.’s planned A$18.7 billion acquisition of utility Origin Energy Ltd. is under threat after the target’s top investor said it would vote against the deal.AustralianSuper, the nation’s biggest pension fund, plans to oppose the transaction on the terms proposed, and argues the power company’s long-term value is higher than that ascribed in an independent experts’ report on the deal.
The Sydney-based target declined as much as 0.9% in trading as of 10:33 a.m. local time to A$9.09. Origin has advanced this year about 18%.A pact with Brookfield and partners valuing Origin’s shares at A$8.912 each was agreed in March as the Canadian investment firm aims to add exposure to Australia’s energy transition.Sam Bankman-Fried Takes Stand in Reminder of Crypto’s Epic Fall
Shakedown or smart business? Quebec restaurants balk at hefty penalty for using competitor's payment machines
Australia Australia Latest News, Australia Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: globeandmail - 🏆 5. / 92 Read more »