{"id":621043,"date":"2023-12-05T09:47:01","date_gmt":"2023-12-05T04:17:01","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=621043"},"modified":"2023-12-05T10:20:06","modified_gmt":"2023-12-05T04:50:06","slug":"brookfields-12-8-billion-origin-energy-bid-rejected-by-investors","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/brookfields-12-8-billion-origin-energy-bid-rejected-by-investors\/","title":{"rendered":"Brookfield&#8217;s $12.8 billion Origin Energy bid rejected by investors"},"content":{"rendered":"<p>By Harry Brumpton and David Stringer Origin Energy Ltd. rejected a A$19.1 billion ($12.8 billion) Brookfield Asset Management Ltd.-led takeover, after the fund\u2019s yearlong pursuit of a utility that\u2019s vital to Australia\u2019s energy transition. <\/p>\n<p>About 69% of ballots cast by investors were in support of the deal, below the required threshold of three-quarters of the votes, Origin said Monday in a statement, following a shareholder meeting. <\/p>\n<p>The utility will \u201cfocus on delivering on our strategic priorities, accelerating investment in cleaner energy and storage and pursuing our ambition to lead the energy transition,\u201d Origin Chairman Scott Perkins said in the statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Harry Brumpton and David Stringer Origin Energy Ltd. rejected a A$19.1 billion ($12.8 billion) Brookfield Asset Management Ltd.-led takeover, after the fund\u2019s yearlong pursuit of a utility that\u2019s vital to Australia\u2019s energy transition. About 69% of ballots cast by investors were in support of the deal, below the required threshold of three-quarters of the votes, Origin said Monday in a statement, following a shareholder meeting. The utility will \u201cfocus on delivering on our strategic priorities, accelerating investment in cleaner energy and storage and pursuing our ambition to lead the energy transition,\u201d Origin Chairman Scott Perkins said in the statement.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-621043","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/621043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=621043"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/621043\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=621043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=621043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=621043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}