- Origin Energy Limited (Origin) refers to its recent announcement in relation to the indicative, conditional and non-binding proposal received on 9 November 2022 from a Consortium comprising Brookfield Asset Management, together with its affiliates and their managed funds, and MidOcean Energy, 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.
According to the company’s website press release on February 16, 2023, Origin advises that the Consortium has substantially completed due diligence and active engagement continues on a non-exclusive basis in relation to the submission of a binding proposal. Any binding proposal will be subject to a number of conditions, including approval from the ACCC and FIRB and other terms and conditions, which will be subject to negotiation between the parties as part of a Scheme Implementation Deed.
At this stage, shareholders do not need to take any action and Origin will continue to keep shareholders updated in accordance with its continuous disclosure obligations.
