AGL Energy Limited (ASX: AGL)
Company Information AGL Energy Limited (ASX: AGL) AGL Energy Limited is an Australia-based company that provides energy and telecommunications customer services. The Company operates through three segments: Customer Markets, Integrated Energy, and Investments. The Customer Markets segment comprises the Consumer and Large Business customer portfolios responsible for the retailing of electricity, gas, telecommunications…
‘Pens down’ for billionaire tilt at AGL
SYDNEY, AAP – AGL Energy has rejected an improved takeover bid from a consortium including Australian billionaire Mike Cannon-Brookes, forcing the would-be predators to put “our pens down”. Mr Cannon-Brookes used Twitter on Sunday night to announce it would not proceed, ahead of the power company’s confirmation to the Australian Securities Exchange on Monday. “The…
AGL to respond to surprise takeover offer
SYDNEY, AAP – Power company AGL Energy is the target of an $8 billion takeover bid from Australian tech billionaire Mike Cannon-Brookes and Canadian investment firm Brookfield. The predators are offering $7.50 per share, according to multiple media reports. The AGL board is believed to have met on the weekend to consider the surprise offer…
AGL posts strong H1, but sees softer H2
SYDNEY, AAP – Power company AGL Energy says a rise in global energy demand will boost future earnings, as it takes advantage of rises in domestic wholesale electricity prices. “With the rise in energy and commodity prices across the globe, AGL Energy is well positioned to benefit from improving wholesale electricity prices seen over the…
AGL halts coal ash sales on metal concerns
Energy company AGL has suspended sales of coal ash and ash by-products from its Bayswater and Liddell power stations in NSW due to elevated signs of heavy metals in the product. In a release on Thursday, the company said testing showed some of the coal ash from the Bayswater and Liddell power stations in the…
