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