Independent expert Grant Samuel isn’t going to blow up Origin Energy’s $18.7 billion takeover, but its report should finally set the framework for a proper discussion about whether Brookfield and its fellow bidders are trying to buy Origin on the cheap.

For months, a bunch of Origin Energy shareholders have been bombing the utility’s board and management team, telling them that Brookfield and EIG Partners’ offer doesn’t look anywhere near as good as it did this time last year.