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The Latest Breaking News from AGL Energy

AGL board and billionaire at loggerheads

AGL Energy is in a stoush with its billionaire shareholder who rejects their plan to split and backs his own way to rapidly switch the power grid to renewables.

AAP

Cannon-Brookes becomes largest shareholder in AGL Energy

The AGL Energy board's push to demerge the company with the 75 per cent approval of shareholders is facing a fresh hurdle after a billionaire bought up shares.

Newcastle Herald

Bayswater coal ash recycling plan a 'game changer'

AGL Energy has signed an historic agreement with waste site remediation company NuRock to investigate the feasibility of converting millions of tonnes of coal ash at Bayswater power station into into construction bricks.

Newcastle Herald

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AGL Energy chief executive uncertain if takeover bid is really over

Mike Cannon-Brookes tweeted on Sunday that Grok Ventures and Brookfield were ‘putting our pens down’

The Guardian - AU

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 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

AGL Energy warns against rapid coal exit

AGL Energy has warned bill shock and community upheaval will follow a proposed departure from coal-fired electricity generation within eight years.

AAP

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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

A Billionaire Made A Bid For Aus’ Biggest Polluting Company In An Effort To Speed Up Net Zero

But AGL Energy rejected Atlassian co-founder Mike Cannon-Brookes' preliminary $8bn offer.

Pedestrian.tv

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 bid by billionaire Mike Cannon-Brookes to buy energy company

Australia's biggest electricity company has rejected an $8 billion takeover bid that could have shut down its Latrobe Valley coal power station 15 years early.

ABC News

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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AAP

AGL to close two coal power plants earlier

AGL Energy, which has released its first half results, has narrowed the timeframes for the closure of two coal-fired power stations in NSW and Victoria.

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