2023-12-05 06:24:00 ET
Brookfield Renewable (NYSE: BEPC) (NYSE: BEP) fell short in its attempt to win shareholder approval for its takeover of Australian utility Origin Energy . The global renewable energy producer was working with several partners to take that company private to accelerate its transition to lower-carbon energy. The deal would have helped move the needle for Brookfield by providing near-term cash flow and long-term growth potential.
However, the company is now evaluating its options, which could see it walk away from the proposed transaction. Here's a look at whether the likely failed acquisition is an investment thesis-breaking event.
A Brookfield-led consortium agreed to buy Origin Energy for $10.6 billion in March. The company planned to split that company in two. Brookfield and its partners would acquire the energy markets business.
For further details see:
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