Brookfield/EIG turn screws on Origin Energy, price talks heat up

According to The Australian Financial Review, Canada’s Brookfield and US private equity group EIG Partners have held talks to re-price their $9 a share joint bid for Origin Energy, to reflect what they see as heightened risk since due diligence started in November.
It is understood Brookfield and EIG Partners have discussed lowering their offer below the $9 mark with Origin Energy and its advisers in the past week, to gauge the ASX-listed giant’s willingness to recommend a lower offer.
Brookfield and EIG Partners believe changes in the regulatory environment - particularly the gas price cap which impacts earnings at Origin’s Australia Pacific LNG project - have created material uncertainty around the group’s long-term earnings outlook.

https://www.afr.com/street-talk/brookfield-eig-turn-screws-on-origin-energy-price-talks-heat-up-20230201-p5ch2m