Origin Energy (ASX:ORG) has entered into a scheme implementation deed in relation to the transaction with the consortium of Brookfield Asset Management, and MidOcean Energy, an entity managed by EIG partners, for the acquisition of all the issued shares in Origin worth $18.7B.
The final consideration mix was $5.78 per share and US$2.19 per share, and applies equally to all shareholders, and implies a total consideration of $8.912 per share.
Origin Energy says the transaction represents a significant premium to the share price prior to the original indicative proposal, and reflects the strategic nature of the company's platform, growth prospects, and anticipated earnings recovery.
Origin Energy says it's targeting implementation of the scheme by early 2024.