Published on 2 Nov 2023 on Bloomberg via Yahoo Finance
(Bloomberg) -- AustralianSuper Pty’s latest rejection of the A$19.4 billion ($12.5 billion) bid for Origin Energy Ltd. signals more than a snub from the firm’s largest shareholder. It’s a clear display of the increasing clout of Australia’s giant pension funds.
Most Read from Bloomberg
Immigrants Are Leaving Canada at Faster Pace, Study ShowsPowell Hints Fed Is Done With Hikes in Pivot Cheered by MarketsIsrael Latest: Biden Urges ‘Pause’ So Hostages Can Leave GazaUS 30-Year Yields Fall 10 Basis Points on Fed Bets: Markets WrapReal Estate Industry Takes Fresh Hit With Verdict on Commissions