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AAP
AAP
Derek Rose

Origin Energy $16b acquisition on the rocks

Origin Origin Energy AustralianSuper Brookfield EIG Australia United States
Brookfield and EIG Partners' new offer for Origin Energy is equivalent of $A9.531 a share. (Dan Peled/AAP PHOTOS)

A private equity consortium's plan to buy Origin Energy is on life support after its largest shareholder said it would reject a higher bid described as the "best and final" offer.

AustralianSuper said Brookfield and EIG Partners' $16.4 billion offer "remains substantially below our estimate of Origin's long-term value".

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