(AFR - Sunday) Brookfield, Cannon-Brookes in joint bid for AGL Energy

What next - seems low-ball offer. "Hopefully" won't affect our proposed Gas sales agreements.
Guess company (AGL) is being split into two so probably not?

Canadian asset manager Brookfield and Australian billionaire Mike Cannon-Brookes have teamed up on a joint bid for AGL Energy, and propose shutting the company’s coal-fired power stations earlier than planned.

AGL’s power plants account for an estimated 8 per cent of Australia’s greenhouse gas emissions. Paul Jones

It is understood the pair submitted a non-binding and indicative offer over the weekend and it is being considered by AGL Energy’s board.

The bid values AGL Energy at about $8 billion, including debt, or $7.50 a share, which was a less than a 5 per cent premium to AGL Energy shares’ last close.

AGL’s board is due to meet on Sunday afternoon.

The pair is believed to be keen to acquire AGL Energy in full - including its retail operations and power generation - ahead of the company’s plans to split in two.