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Investor Meeting

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Origin Energy's $10.6 bln bid from Brookfield set to falter on Monday

Originally Published 2 years ago — by Yahoo Finance

Featured image for Origin Energy's $10.6 bln bid from Brookfield set to falter on Monday
Source: Yahoo Finance

Brookfield consortium's $10.6 billion bid for Australia's Origin Energy is expected to fail on Monday as the largest shareholder, AustralianSuper, plans to reject the offer. The bid requires at least 75% support from the votes cast at the investor meeting, and AustralianSuper's 17% stake should be enough to block it. Origin Energy's board has already rejected a revised back-up bid from the consortium, and the company's shares closed at their lowest point in about nine months.

Ford's Investor Meeting: Can They Convince Wall Street of Their EV Plans?

Originally Published 2 years ago — by Barron's

Featured image for Ford's Investor Meeting: Can They Convince Wall Street of Their EV Plans?
Source: Barron's

Ford Motor will host an investor meeting on Monday to address concerns about the company's ability to transition to electric vehicles and compete in the auto industry. The meeting comes as stock valuations for traditional auto makers continue to lag behind those of electric vehicle companies. Investors are skeptical about the industry's ability to make a successful transition to electric vehicles.