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Market movers: Stocks seeing action on Monday - and why

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A look at North American equities heading in both directions

), nearing the conclusion of one of the biggest private equity-backed buyouts in the country announced last year.Once the deal is finalized, Origin will be broken up into two businesses – Energy Markets business to be acquired by Brookfield; while MidOcean Energy, the other consortium partner, would take control of Origin’s integrated gas business.

MidOcean Energy, which will gain control of Origin’s 27.5-per-cent stake in Australia Pacific LNG , has reached an agreement with ConocoPhillips to sell it a 2.49-per-cent stake in the project, Origin said in a statement.

 

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