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Brookfield Exclusive: $12.8bn Origin Takeover Bid Rejection Explained

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
Brookfield Asset Management chief executive officer Bruce Flatt. PHOTO: STRINGER/CANADA/REUTERS

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

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