Brookfield and EIG will lobby Origin Energy shareholders on the merits of their $20 billion takeover offer despite AusSuper’s rejection.
Brookfield and EIG are ramping up their campaign to convince Origin Energy shareholders of the merits of their sweetened $20 billion takeover offer, in an effort to secure the 75 per cent support they need despite opposition from the major electricity and gas supplier’s biggest investor.
He pointed to “a lot of positive feedback” from shareholders across Origin’s register since Brookfield and EIG lifted their offer by 8 per cent last Thursday. A “voting miracle” would be required to reach the necessary threshhold, Sydney-based energy analyst Saul Kavonic said last week. Origin has already hired its own proxy solicitation firm – understood to be Morrow Sodali – to engage shareholders on the offer.Mr Edwards said it was possible that Brookfield would write to Origin shareholders or launch an online campaign as the shareholder vote neared.
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