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Brookfield AM: Dealing With Massive Setbacks in the M&A Energy Sector Explained

Brookfield AM, a Canadian investment firm, recently faced a setback in its energy M&A endeavours.

People walk to Brookfield Place off Bay Street on the day of the annual general meeting for Brookfield Asset Management shareholders in Toronto, May 7, 2014. Photo: File Photo
People walk to Brookfield AM Place off Bay Street on the day of the annual general meeting for Brookfield Asset Management shareholders in Toronto, May 7, 2014. Photo: File Photo

Its joint bid of $13 billion, in partnership with MidOcean Energy, for Origin Energy, an Australian power generator and retailer, did not succeed.

Despite securing support from 69% of the voted shares, the bidders fell short of the required 75% threshold. Now, the firm must regroup and strategize its next move.

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