- AGL Energy Limited (OTC:AGLNF) confirmed that it had become aware that the Canadian investment firm Brookfield Asset Management (NYSE:BAM) subsidiary bought 17.2 million shares in the Australian energy major, representing 2.56%.
- AGL said it became aware of the transaction, which occurred late last week, through routine registry analysis responses and acknowledged that the information might be historical.
- "It is possible that subsequent trading may have altered the position," AGL said.
- "AGL has not received any updated acquisition proposal from Brookfield since the two proposals received earlier this year were announced to the market."
- "AGL is continuing to focus on the previously announced review of AGL's strategic direction," it added.
- Reuters reported that AGL rejected a joint takeover proposal from Brookfield and tech billionaire Mike Cannon-Brookes, who bought an 11% stake in AGL.
- AGL plans to update shareholders on its strategy review when it reports annual results on August 19.
- Last week, the company withdrew the demerger proposal to separate AGL Energy into AGL Australia and Accel Energy.
