Origin Energy Limited announced the due diligence status and exclusivity extension

Origin Energy Limited (ASX: ORG) provided an update on its 10 November 2022 announcement that it had advised the receipt of an indicative, conditional, and non-binding proposal from a Consortium consisting of Brookfield Asset Management Inc., together with its subsidiaries and its managed funds, and MidOcean Energy, an LNG company formed and managed by EIG, to purchase all the issued shares in Origin by way of a scheme of arrangement at a price of AU$9.00 cash per share

The consortium has informed that it is working on completing its due diligence early in the New Year, it has not found any material adverse matters to date, and it continues to work on confirming its Indicative Proposal. Origin Energy has decided to complete its due diligence to sign binding transaction documents as soon as possible.

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