With a registry as retail oriented as AGL, I find it hard he can acquire 75% of the shares to force a privatisation. He wants 25% to block the board proposal even that is 50/50 at this stage. Even if he does want full takeover, a good deal can still be secured, as long as the person doing the negotiating takes a win win approach. I have no issue with MCB making a ton of money from this deal, as long there is enough skin in the game to make the smart investor also pick up some money. He is a tech billionaire, how do you know he can't create a software that instantly lifts AGL generation efficiency by 30%, therefore rendering any demerger efforts pointless. But why would he do that when he does not own any shares yet.
AGL Price at posting:
$8.37 Sentiment: Hold Disclosure: Held
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