Australia's AGL rejects Brookfield, Grok Ventures bid
Australia-based utility AGL Energy has rebuffed another acquisition attempt from Brookfield Asset Management and Grok Ventures, a private investment firm established by Mike Cannon-Brookes, co-founder of Atlassian.
Brookfield and Grok first made an unsolicited approach for AGL in late February, proposing to buy the company through a scheme of arrangement at AUD 7.50 per share, a 4.7% premium to the previous close....
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