Takeover target Origin Energy says it intends progressing sales negotiations following a revised offer from a consortium bidding for Australia's top electricity and gas supplier.
American suitors Brookfield Asset Management and private equity firm EIG have modestly reduced their offer from $9 to $8.90 per share.
The deal would still value Origin at $18.2 billion despite ongoing federal government intervention in Australia's energy markets to rein in runaway prices for customers.
