AGL Energy has abandoned its plans to demerge its coal-focused generation business and has announced its chief executive Graeme Hunt and chairman Peter Botten will leave the company. Key points: Atlassian founder Mike Cannon-Brookes, who is the company's largest shareholder, was among those calling for the demerger to be dumped There is now a strategic review and AGL's chief executive …
Tech billionaire Mike Cannon-Brookes has acquired more than 11 per cent of AGL Energy, becoming its largest shareholder. Key points: Mr Cannon-Brookes acquired an 11.28 per cent stake in AGL He intends to use his stake to vote against a proposed demerger of the company AGL rejected a takeover bid by the tech tycoon earlier this year In a letter …
Tech billionaire Mike Cannon-Brookes and his partners Brookfield Asset Management are set to abandon their takeover bid for energy giant AGL, after the electricity company rejected a second offer worth around $9 billion. Key points: AGL rejects a second takeover bid from Mike Cannon-Brookes and Brookfield The offer was about a 10 per cent increase on the original bid made …