Origin investors back $18.2bn deal
An $18.2bn takeover offer for Origin Energy has edged one step closer after investors backed a revised deal from a Brookfield-led consortium.
Origin Energy
Origin hedging its gas bets an incentive for EIG
The hedging of Origin Energy’s gas price is likely to be a significant incentive to get EIG over the line with a $15bn buyout proposal.
Coal plant exit ‘may be delayed’
The closure of Australia’s biggest coal power plant may be delayed, Macquarie analysts said, to safeguard the electricity grid.
Energy price rise may cool: Origin
Frank Calabria says domestic price rises at the higher end of pessimistic predictions might be avoided.
ASX gains 0.8pc on Orora, Sonic; AMP dives 13pc
Shares rally the most in a month after a rise in the jobless rate. Orora and Sonic Healthcare rocket on earnings beat. AMP dives on profit miss. ANZ says higher rates for longer.
All eyes on Origin as rumours swirl of failed takeover
All eyes will be on Origin Energy on Thursday amid chatter that EIG Partners is close to walking away from a joint deal with Brookfield to buy the energy retailer and gas producer.
Tri-Star steps up fight for Origin reserves
In his first major public comments on the dispute, Tri-Star’s chief denies his decision to ramp up criticism of Origin is opportunistic.
Origin upgrades outlook on strong gas, electricity profits
Strong natural gas and electricity profits has seen Origin Energy lifts its earnings forecast for the financial year as it expects no ‘material’ impact from the Albanese government’s price cap.
ASX 200 takes winning streak to four weeks
ASX closes at a nine-month high. Westpac ups rate forecast. ACCC says gas shortfall possible. Tyro opens door to new Potentia bid. Fortescue books shipment rise.
Origin needs takeover Plan B: Macquarie
A Plan B involving a demerger may be favoured by investors should a $18.4bn takeover deal fall over.
Origin deal open to all as exclusivity ends
One of the country’s biggest ever energy deals will be opened to rival suitors as a period of exclusive due diligence on Origin expires.
Ex-Origin executive given Snowy Hydro top job
Energy industry veteran Dennis Barnes has been confirmed as the new chief executive of federal government-owned power company Snowy Hydro.
Origin shares down amid Brookfield’s $18.4bn deal uncertainty
The energy major has given its suitor an extra week to conduct due diligence for its $18.4bn takeover. But investors are nervous.
ASX ends flat; Origin, Bapcor, Hub24 weigh
Shares mixed as consumer staples leads gains. Strike goes unconditional on Warrego. Origin falls on deal doubts. JB Hi-Fi falls after sales boom. China GDP slows to decade low.
Suitors to ask Origin for bid extension
Origin Energy is expected to be asked to grant Brookfield Asset Management extra time to finalise its $18.4bn takeover bid.
ASX falls 0.5pc; Tyro, Origin hammered
Utilities lead broad falls as investors dump Origin Energy; Tyro dives as takeover talks end; Woodside gains on oil rally and St Barbara to merge with Genesis.
Origin Energy exits CWP Renewables contest
After being subject to a buyout from Brookfield and EIG, Origin has left the competition to buy one of the country’s largest renewable energy providers
CWP grants extension for Origin-CDPQ to submit offer
The competition for CWP Renewables is being delayed by one of the bidders.
Origin’s US suitor warns Canberra over gas intervention
Long-term contracts cannot be broken by the federal government if it intervenes in the domestic gas market, says MidOcean.
Origin still gunning for CWP Renewables
Industry insiders believe Origin Energy and its Canadian partner are frontrunners to secure CWP Renewables.
Private players reshaping Origin’s green bid
Former Origin chairman Kevin McCann and chief executive Grant King said the weight of private capital is transforming Australia’s listed-company landscape.
Origin fears rising energy bills will fan green backlash
Origin Energy is concerned several more years of rising household power bills could spark a backlash on green electricity, and warns coal exits may need to be delayed.
AGL ‘further behind’ Origin Energy: Brookfield
Origin is well ahead on decarbonisation and a very different business to AGL, says Brookfield, as it plans a $18.4bn takeover of the group.
Origin pushes on with pursuit of CWP Renewables
Origin Energy is understood to be pressing ahead with its bid for the $4bn renewable energy business CWP Renewables.
VanEck backing adds momentum to Origin bid
A major Origin Energy shareholder has provisionally backed an $18.4bn takeover bid, adding momentum to the deal even though a string of regulatory hurdles remain, according to analysts.
Origin board praised for takeover discretion
The handling of the buyout proposal from Brookfield and EIG by Origin Energy’s directors was being praised around the market at the weekend.
Origin suitor EIG has factored in gas intervention
The private equity group in line to take control of the energy company’s stake in the Australia Pacific LNG project says it is not phased by short-term volatility.
Brookfield’s first hurdle the ‘reconnection’ of assets
Brookfield is likely to face an anxious wait for ACCC approval over its $18.4bn tilt at Origin Energy.
ACCC to probe blockbuster Origin Energy takeover
Regulatory concerns loom as a major hurdle for Brookfield and EIG’s $18.4bn takeover of Origin Energy.
Brookfield plots green path with $18bn Origin bid
Brookfield has promised a $20bn cash pile to deliver Origin Energy’s transition to green energy.
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