Weekly Deals Digest (23 Jul) - Rakuten Securities, Tryt, EbixCash, Lalatech, 111, Newcrest, Origin
Last week, notable developments occurred in Event-Driven (111, Healius, InvoCare, Newcrest, Origin Energy) and ECM (Rakuten Securities, Tryt,...
562 Views
Origin Energy (ORG AU): Brookfield/EIG Binding Offer; ACCC Approval the Key Risk
The revised terms are reasonable. The key risk is the timing of ACCC approval. At the last close, the gross spread to the offer is 9.1%.
611 Views
Origin Energy (ORG AU): Recut Deal Is a Win-Win
The revised terms imply a modest deal cut and acceptable FX rate risk. Expect a binding offer soon. Regulatory risks will be the key overhang.
513 Views
Origin Energy (ORG AU): Risk/Reward Profile
The risk-reward profile is favourable as the downside due to a deal break (-11% estimated decline) is lower than the upside (+23%) to the...
462 Views
Origin Energy: Brookfield's Energy Transition Bet
The Offer remains non-binding. I think a firm Offer will get up - but the final pricing may change subject to discussions with the government on...
601 Views