Shares of power producers fell as Treasury yields ticked up.
Origin Energy shares fell after a long-mooted takeover by a consortium led by Canadian investment firm Brookfield Asset Management was blocked by a group spearheaded by smaller shareholder AustralianSuper. AustralianSuper vowed to work with Origin and was open to providing capital to assist the company’s transition toward renewable generation and storage, while Brookfield said it would evaluate options.
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