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AAP

Jacob Shteyman

Shareholders pull the plug on Origin takeover bid

Origin Brookfield Origin Energy EIG

Origin will continue as an independent ASX-listed company following EIG's rejected takeover bid. (Joel Carrett/AAP PHOTOS)

One of the longest-running takeover sagas in Australia's recent corporate history is over after Origin Energy shareholders rejected a $20 billion bid by private equity firms Brookfield and EIG.

Some 69 per cent of shareholders voted in favour of the proposal on Monday, short of the 75 per cent threshold required for the deal to go ahead.

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