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The Guardian - AU
The Guardian - AU
National
Peter Hannam

Vote over Origin Energy $20bn takeover bid delayed until next month as revised offer on table

Gas ship docked at plant on coast next to river, seen from above
Origin Energy's LNG plant at Curtis Island, Queensland. Brookfield and EIG are attempting to buy the company for about $20bn. Photograph: SUPPLIED/PR IMAGE

The battle for the future of Origin Energy, one of Australia’s biggest energy companies, will be extended until early next month after takeover bidders lodged a revised offer on the eve of Thursday’s vote.

Canadian investor group Brookfield and its US-based partner EIG had offered shareholders the equivalent of $9.43 a share, valuing Origin at about $20bn.

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