Tech billionaire makes power play
Atlassian founder leads bid to buy AGL Energy.
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AGL Energy has rejected an unsolicited bid by Brookfield Consortium to acquire 100 per cent of its shares.
The Australian gas and power retailer said that the proposal does not offer an adequate premium for a change of control.
Australia's biggest power producer AGL Energy Ltd on Monday rejected a surprise $3.54 billion takeover approach from billionaire Mike Cannon-Brookes and Canada's Brookfield Asset Management in favour... | February 20, 2022
Aussie tech billionaire Mike Cannon-Brookes joined forces with Brookfield and offered to buy AGL Energy. But on Monday, that deal was shut down.