reported on Monday that the chief executive, Graeme Hunt, would leave AGL, as the demerger plan was now doomed. Other investors, including the superannuation fund Hesta, which owned about 0.36%, have also said they would oppose the demerger.
Earlier this year Cannon-Brookes joined the Canadian asset manager Brookfield in a bid to take AGL private at $8.25 a share but was rebuffed. The stockThe contest over the future of the 180-year-old company comes as wholesale prices surge to record highs of more than $300 a megawatt-hour in parts of the national electricity market that serve Australia’s eastern states. Rising costs for gas and outages at coal-fired power stations are the main factors pushing prices higher.
As they should. Bravo Mike 👏🏻👏🏻👏🏻
seemed to take the share price out of the death spiral
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