Original article by Angela Macdonald-Smith
The Australian Financial Review – Page: 1 & 16 : 23-Feb-22

AGL Energy’s CEO Graeme Hunt says a $5bn takeover offer "extremely undervalues" the electricity generator and retailer. He says Brookfield Asset Management and Atlassian co-founder Mike Cannon-Brookes are seeking to buy AGL at a "ridiculously low premium". Hunt has also questioned the bidders’ proposal to fast-track the closure of AGL’s coal-fired power stations, and their claims that this would have no appreciable impact on electricity prices. Meanwhile, former Energy Security Board chair Kerry Schott contends that there would be insufficient grounds for the federal government to intervene and block the deal.

CORPORATES
AGL ENERGY LIMITED – ASX AGL, BROOKFIELD ASSET MANAGEMENT INCORPORATED, ATLASSIAN CORPORATION PLC, ENERGY SECURITY BOARD