AustralianSuper climbs Origin Energy’s register at $8.65/sh
AustralianSuper had a good night. Street Talk understands the superannuation fund giant – Origin Energy’s largest shareholder – picked up stock at $8.65 a piece. Origin closed Monday’s trading day at $8.78.
This took their holding in the energy and gas giant to 16.5 per cent.
As this column has previously reported, AustralianSuper had been in the market on Monday evening seeking shares up to $8.95 via Macquarie Capital’s equities desk.
The move came shortly after AustralianSuper said it had rejected “an eleventh-hour and unsolicited letter” from Brookfield and EIG to join their takeover bid for the company. The consortium has offered $9.53 per share.
Books opened at 4.30pm on Monday. Registration offers were called for by 5.30pm and a close time set for 6pm. Evidently, the book was more than covered. Origin opened trade on Tuesday down 1.5 per cent to $8.65.
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