Give and take gets Origin $8.90 headline price

The Australian utility has had to push out its ticking fee - the few cents a month compensation for potential regulatory delays - by six months, and had to accept some of the currency risk stemming from its US-dollar exposed LNG business.

It also had to put up with Brookfield and EIG Partners taking longer to come up with the revised proposal than it had hoped for, and still has to live with the fact it doesn’t yet have a binding deal. The new bid, at $8.90 a share, would see more than 90 per cent of Origin’s investors receive the headline price.

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Origin bidders trim offer price slightly to $18.2bBrookfield and EIG Partners have cut their bid for the electricity and gas supplier by a modest 10 cents per share, despite government intervention in energy markets.
Source: FinancialReview - 🏆 2. / 90 Read more »