DataRoom AM: AGL arcs up

AGL Energy is challenging the ACCC’s decision to block its Macquarie Generation takeover, while more of ANZ Bank’s Asian assets could soon be on the chopping block.

AGL Energy has issued a challenge to the competition watchdog’s view that its proposed takeover of Macquarie Generation will result in a substantial lessening of competition. It’s a path the firm simply had to take -- and there’s reason to believe it will pay off.

Elsewhere, ANZ Bank plans to simplify its Asian interests, Yanzhou Coal backs away from its Yancoal Australia bid, G8 Education snaps up a recent IPO candidate and confidence swells in the prospect of a TPG Telecom-iiNet merger.

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