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THE TRUTH ABOUT: 5 | History Defined

AGL rejects second takeover bid, with Mike Cannon-Brookes and Brookfield set to walk away

Tech billionaire Mike Cannon-Brookes and his Canadian partners are set to abandon their takeover bid for the energy giant after the electricity company rejected a second $9 billion offer.

ABC News

AGL rejects higher bid from Mike Cannon-Brookes and Brookfield, potentially ending takeover push

Bidders expected to walk away after offer of $8.25 a share rejected by board of Australia’s largest energy company

The Guardian - AU

AGL said no to a $5 billion bid, but it isn't over – here's how takeover bids work

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.

The Conversation

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Alan Kohler: What the takeover bid for AGL is all about

Michael Cannon-Brookes has dug an AGL-sized pit in front of Scott Morrison, which the PM seems quite happy to step into over energy transition.

The New Daily

Wire and poles problem for AGL bid: ACCC

Billionaire Mike Cannon-Brookes still wants to buy AGL Energy, but the competition watchdog is worried about the consortium holding wires, poles and generators.

AAP

Scott Morrison speaks to Ukraine PM; 60 Covid deaths reported – as it happened

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The Guardian - AU

AGL open to higher takeover bid but says Cannon-Brookes plan to close coal by 2030 is unrealistic

Chief operating officer says consortium needs to offer at least 30% premium on share price and ‘engage once more or two times more’

The Guardian - AU

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Mike Cannon-Brookes and Brookfield face multiple regulatory hurdles in AGL bid

The consortium being led by billionaire Mike Cannon-Brookes will face multiple regulatory hurdles to take over energy producer and retailer AGL, even if it can get the target company to agree to a deal.

ABC News

Why is a tech billionaire trying to buy Australia’s dirtiest energy company AGL?

Mike Cannon-Brookes believes backing renewable energy over old coal power plants will keep electricity prices down, create jobs and slash emissions – is he right?

The Guardian - AU

Australian electricity generator AGL rejects $5.8B offer

Australia's largest electricity generator, AGL Energy, has rejected a takeover bid from Australian tech billionaire Mike Cannon-Brookes and Canadian investment firm Brookfield

The Independent UK

'Australia should have the lowest-priced energy in the world' says Atlassian co-founder after AGL rejects $8b takeover bid

Billionaire co-founder of software company Atlassian, Mike Cannon-Brookes, says he will continue to work with the board of energy giant AGL to pursue a takeover that would help Australia have the "lowest-priced energy in the world".

ABC News

AGL rejects takeover bid by Mike Cannon-Brookes and Canadian fund manager Brookfield

Bid led by Atlassian founder to buy Australia’s biggest polluter and shut its coal plants earlier than planned rejected as not in shareholders’ best interests

The Guardian - AU

Perrottet urged to work with union over NSW train dispute – as it happened

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The Guardian - AU

Tech mogul 'remains optimistic' on AGL bid

AGL Energy has rejected a hefty takeover offer by a consortium helmed by tech mogul Mike Cannon-Brookes, but market experts say it's just a starting bid.

AAP

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The Guardian - AU

Mike Cannon-Brookes and Brookfield in bid to take over AGL and shut down coal plants earlier

Energy giant assessing unsolicited bid worth up to $8bn from tech billionaire and Canadian investment firm

The Guardian - AU

Coalition and Labor respond to China laser incident; 32 Covid deaths in Australia – As it happened

All the day’s news as it unfolded

Birmingham Post

University of Leicester Business School completes £16m renovation

Brookfield House was built in 1870 and served as the home of Thomas Fielding Johnson, founding benefactor of the university

Birmingham Post

Smart homes specialist BOXT seals £20m investment to ramp up expansion plans

The Leeds and London business aims to double its workforce following the funding round by Brookfield

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Evening Standard

Ex-WeWork Europe boss launches new flexible office startup InfinitSpace in London

Aldgate Tower will be the first building to use the new company, which is launching a new flexible rental brand - Beyond - in partnership with building owner Brookfield Properties

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