AGL takeover agreed

Diversified energy utility AGL looks like gaining control of electricity retailer Australian Power and Gas (APK), with an agreed takeover bid of 52¢ a share, a 33 per cent premium to the share price. Before the agreed offer, APK stock was at 39¢, valuing the company at $75 million. Brian Robins

Diversified energy utility AGL looks like gaining control of electricity retailer Australian Power and Gas (APK), with an agreed takeover bid of 52¢ a share, a 33 per cent premium to the share price. Before the agreed offer, APK stock was at 39¢, valuing the company at $75 million.

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