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Brookfield Exclusive: The $12.4bn Proxy Takeover Battle Explained

Brookfield Asset Management Ltd.’s proposed takeover offer for Origin Energy Ltd. has gained more support from advisory firms, increasing the likelihood of a successful deal.

Bruce Flatt, CEO of Brookfield Asset Management, leading discussions at the AGM as the company's bid gains support. PHOTO: CHRIS YOUNG/THE CANADIAN PRESS
Bruce Flatt, CEO of Brookfield Asset Management, leading discussions at the AGM as the company’s bid gains support. PHOTO: CHRIS YOUNG/THE CANADIAN PRESS

The bid, valued at A$19.4 billion ($12.4 billion), includes partners such as EIG Global Energy Partners and offers investors certainty of value at a reasonable range, according to CGI Glass Lewis.

Despite opposition from AustralianSuper, the largest shareholder of Origin, who

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