APG takeover unconditional: AGL

Energy giant further lifts stake, nearing compulsory takeover threshold.

AGL Energy (AGK) has declared its off-market takeover bid for Australian Power & Gas (APK) unconditional and further increased its stake in the takeover target for the second time this week, edging closer to the compulsory acquisition threshold of 90%.

In a statement the Australian Securities Exchange, the energy giant said its offer of 52 cents per share was free of conditions and encouraged APG shareholders to accept its proposal.


SMS Code Sent…

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa

Related Articles