Origin Energy: The ball is back in the buyer’s court

About the author:

Author name:

By Max Vickerson

Job title:

Analyst

Date posted:

11 October 2023, 7:00 AM

Sectors Covered:

Industrials, New Energy

• The ACCC has issued an approval for the takeover of Origin Energy (ASX:ORG) by EIG and Brookfield. The company has said that scheme booklets will be issued in coming weeks.
• The onus is now on the buyers to find common ground with major shareholders like Australian Super, who are seeking a higher offer.
• We maintain our HOLD rating but increase our target price to (login to view).

Find out more

If you would like more information, please contact your adviser or nearest Morgans office. 

Disclaimer: The information contained in this report is provided to you by Morgans Financial Limited as general advice only, and is made without consideration of an individual's relevant personal circumstances. Morgans Financial Limited ABN 49 010 669 726, its related bodies corporate, directors and officers, employees, authorised representatives and agents (“Morgans”) do not accept any liability for any loss or damage arising from or in connection with any action taken or not taken on the basis of information contained in this report, or for any errors or omissions contained within. It is recommended that any persons who wish to act upon this report consult with their Morgans investment adviser before doing so.