How in the world can anyone acquire 90% of the shares in AGL? I think they are aiming for 20% in order to veto. Which means if successful AGL will never be able to pass any resolutions without thfor eir support. But that does not mean that they can pass any resolutions by themselves either. As always with business deals, I would never say it's a zero sum game. AGL's biggest problem is debt. If the deal can bring in x amount of investments for green power, and the organic growth can be debt free, I for one are not opposed to it as I won't be the 20% that sells. As long as the purchase price is not a significant discount.
AGL Price at posting:
$7.92 Sentiment: Hold Disclosure: Held
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