Energy company Origin Energy Ltd. has rejected a takeover offer from Brookfield Asset Management Ltd. worth A$19.1bn ($12.8bn).
![Brookfield Asset Management chief executive officer Bruce Flatt. PHOTO: STRINGER/CANADA/REUTERS](https://krugmaninsights.com/wp-content/uploads/2023/12/UW7JO6R4PVERPCXPTHWN44BJAA-1024x681.jpg)
Following a year-long pursuit, the Brookfield-led consortium made an offer to acquire the energy utility that is integral to Australia’s energy transition.
While 69% of investors supported the deal, this fell below the threshold of three-quarters