Origin Energy’s suitors are flying into town early this week, in a sure sign the $18.2 billion deal is on track to be signed, and it’s time to start selling the benefits to regulators and customers.
The terms are understood to be the same as those Origin announced on February 22 - $8.90 a share for smaller parcel holders, and a split $A/$US offer for those with more than 100,00 shares - and would be backed by Origin’s board.
Both sides were working to have the deal signed over the weekend. Sources said it could slip by a day or two, but was on track to be a binding and recommended offer.
The signed deal would pave the way for Brookfield and EIG to start selling the benefits of the proposed transaction, particularly to regulators that will need to approve the offer.
Origin Energy’s suitors will fly into Australia sign their $18.2 billion takeover early this week and start greasing the wheels for necessary regulatory approvals, including in Canberra.
It’s a big week for all the investors, bankers and potential suitors who have kept an eye on breakout nickel explorer Chalice Mining, which is due to push out its mooted resource update and smooth the path for M&A.
Bombed-out flower grower and wholesaler Lynch Group is understood to be considering options for its once-exciting China business, in a bid to unlock value for investors and potentially a buyer for the whole group.
