AGL said no to an $5 billion bid, but it isn't over – here's how takeover bids work

Written by The Conversation

Australian companies are being taken over like never before. On Saturday February 19 a consortium involving tech billionaire Mike Cannon-Brookes and Canadian asset manager Brookfield offered A$5 billion to buy AGL Energy.

AGL is Australia’s biggest electricity supplier and owns Australia’s two highest emitting power stations.

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