Clock ticks on Origin deal, but no panic yet

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.

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