Australia’s largest energy retailer Origin Energy is one step closer to getting its multi-billion dollar acquisition deal through.
On March 27, Origin announced it had entered into a scheme implementation deed with a consortium led by Canada’s Brookfield and its U.S. partner EIG to buy all of the company’s listed capital.
This is a breakthrough in the transaction after the consortium became stuck in the due diligence process, stoking fears among investors of a deal collapse.
Due diligence is a step in the acquisition process in which the buyer examines the financial health, risks and other business problems of the target company….