- Origin Energy will update shareholders on the takeover consideration ahead of a vote
- The offer from the Brookfield Asset Management-led consortium has changed since March
- The composition of the offer and the exchange rate have both been altered
- Origin will provide shareholders with all the necessary information to make an informed decision
- The Australian antitrust regulator has approved the consortium’s takeover
- Australian Super, Origin’s largest shareholder, believes the proposal undervalues the company
- Origin’s fiscal 2024 outlook has improved since the fiscal 2023 results announcement
- The outlook for energy markets earnings and LNG production is stronger
- Origin expects annual underlying earnings before interest, tax, depreciation, and amortization of between A$1.4 billion and A$1.7 billion
Origin Energy will update shareholders on the takeover consideration ahead of a vote. The offer from the Brookfield Asset Management-led consortium has changed since March, with alterations to the composition of the offer and the exchange rate. Origin will provide shareholders with all the necessary information to make an informed decision. The Australian antitrust regulator has approved the consortium’s takeover, although Australian Super, Origin’s largest shareholder, believes the proposal undervalues the company. Additionally, Origin’s fiscal 2024 outlook has improved since the fiscal 2023 results announcement, with a stronger outlook for energy markets earnings and LNG production. Origin expects annual underlying earnings before interest, tax, depreciation, and amortization of between A$1.4 billion and A$1.7 billion.
