Origin Energy's $10.6 bln bid from Brookfield set to falter on Monday
Originally Published 2 years ago — by 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.
