-- Brookfield Asset Management Inc.’s planned A$18.7 billion acquisition of utility Origin Energy Ltd. is under threat after the target’s top investor said it would vote against the deal.AustralianSuper, the nation’s biggest pension fund , plans to oppose the transaction on the terms proposed, and argues the power company’s long-term value is higher than that ascribed in an independent experts’ report on the deal.
The Sydney-based target declined as much as 0.9% in trading as of 10:33 a.m. local time to A$9.09. Origin has advanced this year about 18%.A pact with Brookfield and partners valuing Origin’s shares at A$8.912 each was agreed in March as the Canadian investment firm aims to add exposure to Australia’s energy transition.Sam Bankman-Fried Takes Stand in Reminder of Crypto’s Epic Fall
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Source: News Formal (newsformal.com)
Australiansuper Brookfield Asset Management Origin Energy Acquisition Utility Pension Fund Valuation Energy Transition
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