HomeBUSINESSConsortium Concludes Negotiations with AustralianSuper Over $10.6 Billion Bid for Origin Energy

Consortium Concludes Negotiations with AustralianSuper Over $10.6 Billion Bid for Origin Energy

EIG Partners CEO Blair Thomas announced on Thursday that the consortium, including EIG Partners and led by Canada’s Brookfield, has concluded negotiations with top shareholder AustralianSuper regarding the $10.6 billion bid for Origin Energy. Thomas stated that the consortium is “done” negotiating with AustralianSuper, which holds a 16.5% stake in Origin.

Expressing his belief that AustralianSuper is not acting in the best interests of the company’s remaining shareholders, Thomas signaled the conclusion of discussions with the top shareholder. The consortium’s bid for Origin Energy has been a subject of significant attention, and the outcome of these negotiations will likely shape the future trajectory of the deal and the energy company.

Read Now:Deep-Sea Mining Poses Threat to Jellyfish and Ecosystems, Warns Study

[responsivevoice_button buttontext="Listen This Post" voice="Hindi Female"]

LEAVE A REPLY

Please enter your comment!
Please enter your name here

RELATED ARTICLES

Trending News

Fossils Being Formed Today Will Show How Humans Disrupted Life On Earth

When we think of fossils, it's often ancient relics like dinosaurs that come to mind. However, fossils being formed...

Earth Faces Close Encounter with Large Asteroid Tonight

A 250-feet asteroid, nearly the size of a building, is set to pass close to Earth tonight, causing a...

Cannabis Reclassified to Schedule III Paving the Way for Revolutionary Pain Management Solutions

The U.S. Drug Enforcement Agency's recent decision to reclassify cannabis from a Schedule I to a less restricted Schedule...

Chinese Aerosol Reductions Linked to ‘Blob’ pacific Ocean Heatwaves, Study Finds

Abnormally warm patches of water in the Pacific Ocean, often referred to as 'blobs', have been having a disastrous...