yes i read this and i got excited. seems they are very confident and it also sounds like they dont want to hear about any more buyout offers. I bought AGL because i thought it had huge potential from here, not because i wanted to make a quick 15% from a buyout.
"The AGL Energy Board considers that the unsolicited proposal materially undervalues AGL Energy and is not in the best interests of AGL Energy shareholders.
Committed to progressing the demerger, creating a strong future and unlocking shareholder value
As announced in June 2021, the Board is proposing to implement a demerger...."
So they basically said we reject the offer, we are committed to our plan, and we dont want to receive any other higher bids - very confident indeed
AGL Price at posting:
$7.42 Sentiment: Buy Disclosure: Held
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