“We have purchased this substantial interest in the company because we fundamentally believe there can be a better future for AGL,” Cannon-Brookes said in a letter to AGL.
Unlike the first round – when Cannon-Brookes teamed up with Canadian asset manager Brookfield – the renewed pitch went public via the media before AGL had received any share move. “The AGL board is committed to delivering the proposed demerger, which will ensure the value created through Australia’s energy transition stays with our shareholders,” an AGL spokesperson said, adding the split “is on track to be completed by the end of next month”.
Brilliant! Go Mike! auspol AusPol2022
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cannon-Brookes set to foil AGL demergerTech billionaire Mike Cannon-Brookes has dramatically intervened in a bid to single-handedly foil AGL Energy’s proposed demerger, taking enough of an interest in the company to try to ensure that the plan collapses. asicmedia I hope this time, the corporate regulator takes a keen interest in the actions of Mike-3-names. That any actions impact shareholders, listed stock, securities law. ASX JoshFrydenberg SenatorHume mrjoeaston Legend Gray-haired man in suit looking concerned.
Source: FinancialReview - 🏆 2. / 90 Read more »
Cannon-Brookes set to foil AGL demergerTech billionaire Mike Cannon-Brookes has dramatically intervened in a bid to single-handedly foil AGL Energy’s proposed demerger, taking enough of an interest in the company to try to ensure that the plan collapses. asicmedia I hope this time, the corporate regulator takes a keen interest in the actions of Mike-3-names. That any actions impact shareholders, listed stock, securities law. ASX JoshFrydenberg SenatorHume mrjoeaston Legend Gray-haired man in suit looking concerned.
Source: FinancialReview - 🏆 2. / 90 Read more »
AGL cuts earnings guidance on Loy Yang outageThe breakdown of a unit at the Loy Yang A generator comes just as AGL is heading for a shareholder vote on its proposed demerger. More price rises from broken down dirty old coal plants, during an election when cost of living increases are a key issue. Where are the plans to replace this generation with clean renewables ( with reliable prices!)
Source: FinancialReview - 🏆 2. / 90 Read more »
Buffett is back with one of his biggest buying sprees in yearsAfter complaining for years that high valuations were thwarting his stock-buying efforts, Warren Buffett’s Berkshire Hathaway is back hoovering up other companies’ shares.
Source: FinancialReview - 🏆 2. / 90 Read more »