Australia’s 2nd largest power company Origin Energy has backed an $18.4 billion takeover bid from a consortium led by fund manager Brookfield. The Canadian multinational unsuccessfully tried to go in with Atlassian billionaire Mike Cannon-Brookes for the ownership of energy giant AGL earlier this year. The consortium’s latest bid – its 3rd and largest offer after negotiations kicked off in August – was welcomed by investors, with Origin’s share price jumping more than 35%. Under the terms of the offer, Brookfield said it would help Origin become the country’s biggest green energy retailer by investing an extra $20 billion towards its clean energy transition plan. The company’s board is recommending shareholders accept the deal, but it must first jump through a few hurdles from the competition regulator and Foreign Investment Review Board.