Origin takeover to be voted down after 13-month saga
Origin Energy shareholders are expected to reject the proposed $20 billion buyout of the ASX utilities giant by Brookfield and EIG on Monday, ending a protracted battle that failed to overcome the resistance of Origin’s No.1 shareholder, AustralianSuper.
With more than 17 per cent of the vote controlled by AusSuper, the $9.39 a share deal is destined to fail when the final proxies are declared by Origin ahead of the meeting.
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