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Proxy advisers all back $20b Origin deal ahead of decisive week

Angela Macdonald-Smith
Angela Macdonald-SmithSenior resources writer

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The proposed $20 billion takeover of Origin Energy by a private North American duo has now won support from all major proxy advisers, paving the way for a nail-biting lead-up to a decisive shareholder vote on a deal that is opposed by the electricity supplier’s biggest investor.

Ownership Matters on Friday joined larger peers Institutional Shareholder Services and CGI Glass Lewis in recommending a vote for the $9.53-a-share cash offer from Brookfield and EIG that has been rejected by 15 per cent shareholder AustralianSuper.

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Angela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables. Connect with Angela on Twitter. Email Angela at amacdonald-smith@afr.com

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    Original URL: https://www.afr.com/companies/energy/proxy-advisers-all-back-20b-origin-deal-ahead-of-decisive-week-20231110-p5ej2c