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.
Primrose Riordan covers private companies and family offices from the AFR's Sydney newsroom. Primrose was previously a correspondent for the Financial Times and covered foreign affairs and politics in Canberra. Primrose has won multiple awards for her journalism including from The National Press Club, SABEW in the US and Press Gazette in the UK. Message Primrose on Signal: https://tinyurl.com/PrimroseSignal Connect with Primrose on Facebook and Twitter. Email Primrose at primrose.riordan@afr.com
