Market movers: Stocks seeing action on Monday - and why

), 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.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

globeandmail /  🏆 5. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Strength in megacap stocks masks broader U.S. market woesMegagaps are attracting bets because of strong balance sheets, robust profit margins and business models expected to hold up better if recession hits
Source: globeandmail - 🏆 5. / 92 Read more »

Discounted bank stocks, CRA clawbacks and interest rate tightening: Must-read business and investing storiesPlus, Porter Airlines cancels cross-country flights
Source: globeandmail - 🏆 5. / 92 Read more »