© Reuters. Miniatures of a windmill, a solar panel and a power pole are seen in front of the Brookfield Renewable logo in this illustration taken January 17, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) – Australia’s Origin Energy said on Thursday it had received an enhanced takeover offer from a Brookfield consortium, valuing the energy producer at A$16.4 billion ($10.49 billion), days after its principal shareholder rejects the previous offer.
The consortium led by the Canadian Brookfield now offers Origin shareholders 9.53 Australian dollars per share, 8.2% more than the previous offer of 8.81 Australian dollars each, and a premium of 5.1% with regarding its last closure.
“Origin’s board of directors unanimously recommends that shareholders vote in favor of this revised plan at the plan meeting, in the absence of a superior proposal,” the energy producer said in a statement.
($1 = 1.5640 Australian dollars)
