Australia’s largest super fund and other shareholders have dealt a heavy blow to Brookfield and EIG’s takeover of Origin Energy after 13 months of corporate drama.
Origin Energy’s board has dismissed a revised takeover proposal by suitors Brookfield and EIG as incomplete,complex and highly conditional.
Energy giant Origin has delayed the shareholder vote on North American suitors Brookfield and EIG’s $20 billion takeover bid after getting a revised late-night offer.
AustralianSuper has rejected an 11th-hour overture from the Brookfield and EIG consortium to join their takeover of energy giant Origin.
The latest twist in the country’s largest corporate deal comes as AustralianSuper confirmed it has increased its ownership of the power giant,building its stake to 15.03 per cent.
ARN boss Ciaran Davis is ready to do whatever it takes to get one of the most ambitious media deals in recent memory across the line.
If the Labor government is fair dinkum about getting inflation down and productivity and wages up,it will at least ban non-compete clauses and tighten up our merger laws.
The supermarket giant has bought fallen rapid grocery retailer Milkrun’s brand and customer list to use on its former Metro60 delivery service.
The Australian miner will combine with fellow lithium producer Livent to create the world’s third-biggest lithium producer in terms of future estimated capacity.
Fears that Australian Airlines would be gobbled up in the merger with Qantas were realised in 1993 with the announcement that the name and logo of the domestic carrier were no more.
Twitter has ceased to be an independent company after merging with a newly formed shell firm called X Corp,driving speculation about what Elon Musk intends for the social media platform.