Origin Energy Shareholders Reject Brookfield's $10.6 Billion Takeover Bid

Brookfield unlikely to return with a renewed offer, as Origin Energy plans to continue as an independent listed company.

Origin Energy shareholders rejected a $10.6 billion takeover bid by a consortium led by Brookfield Asset Management.
The final votes were 31.08% against the bid with 68.92% in favor, lower than the 75% threshold required for a takeover to proceed.
Origin's largest shareholder, AustralianSuper, which owns about 17% of Origin, was enough to block the bid.
Brookfield said it would consider the government's green energy plans before deciding its next steps, but has no intention of returning with a renewed offer for Origin.
Origin Energy will continue as an independent listed company and is open to working with other investors.