AGL Energy rejected a second offer from the Brookfield-led consortium.
Plans by tech billionaire and Atlassian co-founder Mike Cannon-Brookes and Canadian asset giant Brookfield to accelerate AGL’s intentions to shift into the renewable energy market have been rejected. Cannon-Brookes took to Twitter to announce that the Brookfield-led consortium, which includes Grok Ventures, Cannon-Brookes’ private investment company, is “putting our pens down”, after the Australian energy giant rejected a second takeover bid. “Our path was the world’s biggest decarbonisation project. From Aus [sic],” Cannon-Brookes said. Under the second takeover bid, the consortium was offering AGL AU$8.25 per share, a 10% increase on the initial offering of AU$7.
