AGL Energy Ltd

AGL Energy’s Demerger Booklet Provides an Underwhelming Justification

Event-Driven
191 Views, 09 May 2022 20:18
EXECUTIVE SUMMARY
  • The IFA supported the demerger by stating that “in the absence of a fully priced takeover offer from a third party, the demerger is the most attractive course of action.
  • IFA concedes that “it is not possible to form a definitive view” if the demerger will generate higher shareholder returns. The report is light on qualitative analysis. 
  • Mike Cannon-Brookes continues to gain retail support for a NO vote at AGL Energy Ltd (AGL AU)'s 15 June scheme meeting. Our SoTP points to upside absent a demerger.
detail (6-minute read)
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Arun George
IPOs and Catalysts/Events
Global Equity Research Ltd
Information TechnologyEquitiesEquity Capital MarketsEvent-Driven

Arun has over 15 years’ experience covering the Technology sector. During this time, he has worked with technology start... 

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