Deals
Brookfield's $12 Billion Origin Deal Opposed by Top Shareholder
- AustralianSuper says will vote against takeover proposal
- Pension giant says deal undervalues company in the long term
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Brookfield Asset Management Inc.’s planned A$18.7 billion ($11.9 billion) acquisition of utility Origin Energy Ltd. is under threat after the target’s top investor said it would vote against the deal.
AustralianSuper, the nation’s biggest pension fund, plans to oppose the transaction on the terms proposed, and argues the power company’s long-term value is higher than that ascribed in an independent experts’ report on the deal.