(EnergyAsia, May 2, Friday) — Shares in Origin Energy Ltd, Australia’s second-largest power retailer, surged nearly 40% on Wednesday after UL’s BG Group offered to acquire it for A$13 billion. (US$1=A$1.07). The rise reflected the premium BG is prepared to pay over Origin’s share price before news of the proposed takeover was announced. BG has…
AUSTRALIA: UK’s BG offers to buy up Origin Energy at 40% premium
Posted on May 1, 2008 by EnergyAsia