Top Shareholder of Australia’s Largest Utility Rejects $12.5-Billion Offer ...Middle East

Pension fund AustralianSuper, the biggest shareholder in the country’s top energy retailer, Origin Energy, said on Thursday it would reject a revised acquisition offer for the utility of $12.5 billion (AUS$19 billion). A consortium led by Brookfield and EIG has proposed to acquire Origin Energy Limited and its best and final proposal of AUS $9.53 per share significantly raised the cash consideration, Origin Energy said early this month.   Origin Energy’s shareholders were expected to vote on the proposal on November 23, but today…

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