AGL Energy chief executive uncertain if takeover bid is really over

AGL Energy’s chief executive, Graeme Hunt, said the latest takeover offer was ‘well short of what is traditionally required’. Photograph: Jason Reed/Reuters

AGL Energy says it is not sure whether an unsolicited takeover bid by billionaire Mike Cannon-Brookes and Canadian fund manager Brookfield is really over – or if the consortium has just hit the “pause button”.

AGL dismissed an increased offer of $8.25 a share made late on Friday. It valued the company at about $8.5bn including debt.