The bid for Origin Energy is a case study in encouraging a blockbuster takeover offer. Origin’s board and management shared critically important financial information with Brookfield and EIG before telling the ASX.
Origin Energy shared information about favourable movements in the company’s LNG hedging contracts with bidders Brookfield Asset Management and EIG before it told the market.
In other words, there was about $5.6 billion in hidden value sitting within Origin that the market failed to value. It is clear that these conversations resulted in Brookfield and EIG raising the equity component of their offer by $1.7 billion to $8.70 a share, or an enterprise value about $14.98 billion.
Origin also shared details of its energy market outlook. Neither of these pieces of information had been shared with the market.
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.
Thousands of Australians could lose their lives to bushfires over the next decade, new study showsNearly 2,500 people are expected to lose their lives to bushfires in the next 10 years as climate change amplifies the ferocity and frequency of fires. Read more:
Read more »
‘Very conservative’: Bushfires could kill almost 2500 Australians by 2030A new study led by Monash University researchers has found the increasing severity of blazes could also wipe billions from GDP.
Read more »
Paxlovid ‘last drug in the cupboard’ for Covid as variants in Australia evade other treatmentsNew study finds most medications are ineffective against strains currently circulating but thankfully full vaccination still offers protection
Read more »
‘Very conservative’: Bushfires could kill almost 2500 Australians by 2030Increasingly frequent and severe bushfires linked to climate change could kill nearly 2500 Australians and cost the economy billions of dollars by the end of the decade, according to new research
Read more »
Secret disclosures sealed $18.4b Origin takeoverThe bid for Origin Energy is a case study in encouraging a blockbuster takeover offer. Origin’s board and management shared critically important financial information with Brookfield and EIG before telling the ASX.
Read more »