Oct 31 - Superannuation fund AustralianSuper said on Tuesday it plans to vote against a Brookfield-led consortium's A$15.35 billion takeover offer for Origin Energy Ltdhas been deemed fair
by an independent expert's report , however, it outlined a "roll forward" calculation that says Origin's shares could be worth an additional 40 Australian cents by the time a potential takeover is due to occur.from the country's competition regulator on October 10. Origin shares closed at A$9.17 on Monday, 4.1% above the offer price.
AustralianSuper, which engaged consultancy firm Frontier Economics to review the IER, said the firm was also of the opinion that the assumptions used in IER to come at a business valuation were "unrealistically low". "The IER valuation multiples are significantly below the multiples from a number of recent relevant transactions and the trading multiples of relevant comparable companies," the superannuation fund said in its statement.
"The current offer from the Brookfield and EIG-backed consortium remains substantially below our estimate of Origin's long-term value."categoryHealthpeak Properties has agreed to buy Physicians Realty Trust in a $2.64 billion all-stock deal that would help the healthcare properties operator bring hospitals and physicians' offices into its portfolio.