Investing
Pension fund AustralianSuper raises stake in Origin Energy to 16.50%
© Reuters. FILE PHOTO: The logo of Australian energy company Origin is pictured in Melbourne, Australia, July 3, 2016. Picture taken July 3, 2016. REUTERS/Jason Reed/File Photo
(Reuters) – Pension fund AustralianSuper has increased its stake in Origin Energy to 16.50%, the Australian power producer said in an exchange filing on Tuesday.
The stake increase by AustralianSuper, Origin Energy’s top shareholder, threatens to scupper a $10.5 billion buyout of Australia’s largest energy retailer.
AustralianSuper is opposed to the takeover offer by the Brookfield-led consortium and its partner EIG, saying the offer is substantially below its estimate of Origin’s long-term value.
On Monday, the pension fund rejected an “eleventh hour” offer from the consortium to drop its opposition to their bid and join the takeover.
Read the full article here
Elon Musk Unveils New Tesla EV Cybercab, Robovan Robotaxis
The Cities and States Where Side Hustles Could Earn the Most
5 Steps to Creating More Inclusive PR Campaigns
How Tech Innovation Helps You Stay Ahead of the Competition
Seniors to get moderate cost of living bump in Social Security payments next year
Mark Zuckerberg Is Now Second Richest Person in the World
Nvidia CEO Jensen Huang: Demand For Blackwell AI Is Insane
Meta Previews Movie Gen, AI Tools That Turn Dreams to Videos
Hurricane Helene Hits Spruce Pine Mine, Quartz Used for Tech
Israel stocks lower at close of trade; TA 35 down 0.23% By Investing.com
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Side Hustles7 days agoMark Zuckerberg Is Now Second Richest Person in the World
-
Investing7 days agoNvidia CEO Jensen Huang: Demand For Blackwell AI Is Insane
-
Side Hustles7 days agoMeta Previews Movie Gen, AI Tools That Turn Dreams to Videos
-
Investing5 days agoHurricane Helene Hits Spruce Pine Mine, Quartz Used for Tech
-
Investing6 days agoIsrael stocks lower at close of trade; TA 35 down 0.23% By Investing.com
-
Side Hustles6 days ago5 Key Strategies for a Seamless Cloud Migration
-
Investing7 days agoBCA says investors should fade the real estate rally By Investing.com
-
Passive Income6 days agoGo Paperless with the PDF Reader Pro for $49.99