Exclusivity on Origin’s $18.4 billion takeover might have passed, but investors remain confident a binding bid will be lodged.
A deals, so it’s no surprise that the end of the exclusivity period for Origin Energy bidders Brookfield and EIG Partners on Tuesday night raised some eyebrows around the market.
Origin shares ticked up to $7.30 on Tuesday, but remain 23.3 per cent below the consortium’s offer, demonstrating the clear risk the market sees around completion. Origin said on December 21 that the consortium had found no material adverse issues. Although it is possible a big problem has emerged since then – there
And finally, investors are confident that Origin chairman Scott Perkins would hold firm against any attempts by the consortium to walk down their offer, particularly given he and Origin chief executive Frank Calabria worked so hard to get Brookfield and EIG to bidThere’s strong logic in all those arguments, of course.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Origin Energy exclusivity set to pass, eyes on $9 markerOrigin Energy will be open to competing bids for the first time since the company was put in play, with Brookfield and EIG Partners’ exclusivity period set to end with still no deal in sight.
Read more »
Origin Energy exclusivity set to pass, eyes on $9 markerOrigin Energy will be open to competing bids for the first time since the company was put in play, with Brookfield and EIG Partners’ exclusivity period set to end with still no deal in sight.
Read more »
Doomsday Clock at record 90 seconds to midnight amid Ukraine crisisScientists warn of ‘unprecedented danger’ and say ‘Russia’s war … has raised profound questions’
Read more »
Doomsday Clock moves to 90 seconds to midnightWith Russia&x27;s invasion of Ukraine and the spectre of nuclear weapon use, Earth crept its closest to Armageddon, a science-oriented advocacy group said, moving its famous "Doomsday Clock" up to just 90 seconds before midnight.
Read more »
Premier League: 10 talking points from the weekend’s actionArsenal reap the rewards of an old-school striker, Thiago Silva turns back the clock and Ten Hag’s tactics hit a snag
Read more »