Origin Energy’s two North American suitors have trimmed the proposed offer price for the major electricity and gas supplier by a modest 1.1 per cent, despite the major government intervention into the energy market, finding acceptance from the target’s board to negotiate towards a deal.
“We are pleased to have reached this milestone and look forward to progressing to a signed Scheme Implementation Deed.”The chairman and CEO of US-based private equity firm EIG, R. Blair Thomas, also strongly endorsed the rationale for a deal. Any deal still remains subject to approvals including the Australian competition regulator and the Foreign Investment Review Board.
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