According to the company’s website investor-relations news release on December 21, 2022, Origin Energy Limited (Origin) refers to its announcement on 10 November 2022 advising the receipt of an indicative, conditional and non-binding proposal from a Consortium comprising Brookfield Asset Management Inc., together with its affiliates and their managed funds (Brookfield), and MidOcean Energy (MidOcean), an LNG company formed and managed by EIG, to acquire all the issued shares in Origin by way of a scheme of arrangement at a price of $9.00 cash per share (Indicative Proposal).
The Consortium has confirmed that it is on track to complete its due diligence early in the new year, it has not identified any material adverse matters to date, and it continues to work on confirming its Indicative Proposal.
Origin has agreed to extend the Consortium’s exclusivity to 16 January 2023 to enable it to finalise its due diligence over the holiday period with a view to signing binding transaction documents as soon as possible thereafter.
At this stage shareholders do not need to take any action. Origin will continue to keep shareholders updated.
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Anneliis Allen
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Peter Rice
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