Brookfield and EIG have increased their offer for Origin Energy to $9.53 a share, as the consortium looks to revive its bid for Australia’s largest electricity and gas retailer with best and final offer of $19.9bn.
Brookfield/EIG have raised their offer for Australia’s biggest energy retailer, from $8.91 a share to $9.53 a share, in a bid to get the blockbuster takeover across the line.
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Kmart has been fined more than $1.3m by the communications watchdog after an investigation found the discount retailer sent hundreds of thousands of spam emails to customers and ignored repeated warnings from the regulator.
The $18.7bn bid for Australia’s largest energy retailer, Origin Energy, has become a finely balanced, high stakes game which could have very different outcomes for the company’s shareholders.
The huge site in Perth’s north-eastern growth corridor has sold for a fraction under $500 million in what experts say could be the start of a surge in retail sales.
