AGL said no to an $5 billion bid, but it isn't over – here's how takeover bids work
- Written by Ian Ramsay, Emeritus Professor, Melbourne Law School, The University of Melbourne
Australian companies are being taken over like never before. On Saturday February 19 a consortium involving tech billionaire Mike Cannon-Brookes and Canadian asset manager Brookfield offered A$5 billion to buy AGL Energy.
AGL is Australia’s biggest electricity supplier and owns Australia’s two highest emitting power stations.
The...
Read more: AGL said no to an $5 billion bid, but it isn't over – here's how takeover bids work
