Jarden-JBWere closer to merger deal
Further details are filtering out about Jarden’s plans to create a wealth management powerhouse across the Tasman to turbocharge its ANZ investment banking arm.
Further details are filtering out about Jarden’s plans to create a wealth management powerhouse across the Tasman to turbocharge its ANZ investment banking arm.
One of Australia’s largest LNG exporting facilities can’t load any new vessels after a ship has lost power, blocking others from docking at Curtis Island.
The Origin board should end negotiations after a sizeable chunk of shareholders voted to reject the near $20bn bid, says influential opponent Angus Aitken.
The energy group is in late talks amid doubts over the value of a ‘Plan B’ deal lobbed last week, while the ASA warns small investors are missing out.
AustralianSuper’s defeat of a $20bn takeover bid for Origin Energy has underscored the increasing power of the $1.2 trillion industry superannuation fund sector.
Brookfield and EIG have kept alive their bid for Origin Energy, but proxy vote results indicate it will have a tough task to win control of Australia’s largest electricity and gas retailer.
Brookfield and EIG have kept alive their bid for Origin Energy, but proxy vote results indicate it will have a tough task to win control of Australia’s largest electricity and gas retailer.
The fact is, the $20bn Brookfield-EIG bid to take control of Origin Energy failed on its merits. And its Plan B will also fail.
Australia’s most high profile banker Matthew Grounds is understood to have played a key part in the latest Origin Energy negotiations with its bidders.
It’s a cunning plot, but will the mastermind play by Brookfield, EIG and their bankers be enough to outsmart king of the pension fund world AustralianSuper?
The fresh offer – tabled just hours before the consortium’s $20bn bid was likely to be rejected – sidelines AustralianSuper and has been labelled ‘a bit of a mess’.
Origin Energy’s largest shareholder, AustralianSuper, plans to reject new takeover offers tabled by Brookfield and EIG in the latest blow for the foreign consortium.
It is understood the revised proposal involves differing terms, but not necessarily a higher price.
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Thursday’s vote on the $20bn takeover of Origin Energy by the Brookfield and EIG consortium is the culmination of one of the most contested bid battles in Australia for years.
Behind AustralianSuper’s aggressive positioning in the $20bn bid for Origin Energy is a change of strategy from a passive investor to an active player in the Australian sharemarket.
The future of Origin Energy has largely been decided after a deadline for proxy votes on Brookfield and EIG Partners’ almost $20bn bid for the group passed.
It’s not so happy holidays for US-based hedge funds looking to prosper on upside from a successful buyout of Australia’s largest energy retailer.
AustralianSuper has finalised how many votes it will be able to cast when Origin shareholders vote to support or reject a near-$20bn bid from Brookfield and EIG Partners.
Brookfield and EIG’s battle for Origin Energy is the most heavily scrutinised buyout in the Australian market this year and the stakes are high.
Original URL: https://www.theaustralian.com.au/topics/origin-energy/page/4