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The Latest Breaking News from AGL

Who is Mike Cannon-Brookes: The billionaire tech entrepeneur who tried to buy Australia's biggest energy provider AGL

The 42-year-old Atlassian co-founder has been making headlines trying to execute what he called the biggest decarbonisation project in the world.

ABC News · Mar 7, 2022

Aussie billionaire pulls plug on AGL buy

AGL has rejected a sweetened takeover bid, putting an end to tech billionaire Mike Cannon-Brookes' dreams of an early exit for coal from the electricity grid.

AAP · Mar 6, 2022

PM says further assistance coming as ‘rain bomb’ set to cost Queensland billions – as it happened

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The Guardian - AU · Mar 6, 2022

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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 · Mar 6, 2022

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 · Mar 6, 2022

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 · Feb 27, 2022

Queensland floods prompt 1,000 calls for help as heavy rain continues – as it happened

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The Guardian - AU · Feb 24, 2022

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Why the Australian government should welcome Mike Cannon-Brookes' plan to takeover AGL

Prime Minister Scott Morrison has flatly opposed the bid led by tech billionaire Mike Cannon-Brookes to buy Australia’s biggest energy company AGL and spend A$20 billion switching it to renewables. This includes closing its coal power stations by 2030. As Morrison stated this week:

The Conversation · Feb 24, 2022

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 · Feb 23, 2022

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 · Feb 23, 2022

Scott Morrison says closing coal power stations will drive up electricity prices. Is he right?

Bid by Mike Cannon-Brookes to take over AGL drew some strong words from the prime minister, but do his claims stack up?

The Guardian - AU · Feb 23, 2022

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 · Feb 23, 2022

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

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The Guardian - AU · Feb 22, 2022

Morning mail: fears of wider Ukraine invasion, AGL says closing coal by 2030 ‘unrealistic’, Maggie Beer’s favourite things

Wednesday: Russia sanctioned by UK and EU as it plans to expand borders of controlled territories. Plus: celebrity cook’s most beloved possessions

The Guardian - AU · Feb 22, 2022

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The Guardian - AU · Feb 22, 2022

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’

ABC News · Feb 22, 2022

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.

The Guardian - AU · Feb 21, 2022

‘World is waking up’: ex-energy boss Kerry Schott says AGL bid a sign of big changes ahead

Takeover bid comes as energy companies look to expedite shutdown of coal-fired power plants in face of growing renewable competition, Schott says

The Guardian - AU · Feb 21, 2022

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?

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The Guardian - AU · Feb 21, 2022

Mike Cannon-Brookes dismisses PM’s suggestion that coal plants should run to end of scheduled life

Tech billionaire bidding for AGL says ‘the private market is stepping up and providing replacement capacity exactly as asked’

Pedestrian.tv · Feb 21, 2022

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.

The Conversation · Feb 21, 2022

The battle for AGL heralds a new dawn for Australian electricity

Two events in the past week mark a watershed for Australia’s electricity industry.

The Independent UK · Feb 21, 2022

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

ABC News · Feb 21, 2022

'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 · Feb 21, 2022

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 · Feb 20, 2022

ASX closes higher, AGL rejects Atlassian billionaire's takeover bid

The Australian share market closed higher, as AGL shares surged on news the energy company had rejected a takeover bid from Mike Cannon-Brookes.

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