7NEWS Australia published this video item, entitled “Mike Cannon-Brookes and Brookfield submit offer for AGL which they reject | 7NEWS” – below is their description.
AGL shares are up by about 12 per cent after Australian tech billionaire Mike Cannon-Brookes and investment firm Brookfield pitched a $5 billion takeover offer.
The gas provider, which Mr Cannon-Brookes wants to move from coal-fired power, declined the offer. Shares are currently trading at $8.04.
Prime Minister Scott Morrison has warned that a deal with AGL and investors could increase electricity prices.
“Let me be really clear about something, we need to ensure that our coal-fired generation of electricity runs to its life because if it doesn’t, electricity prices go up…our government is very committed to ensure we sweat those assets for their life to ensure that businesses can get access to the electricity and energy that they need at affordable prices to keep people in jobs.”
More Details: https://7news.link/3LLQcG2
7NEWS Australia YouTube Channel
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When are these dinosaurs that will go down in history as owners of climate change catastrophe eg 2019-20 Australian bushfires, going to wake up. Luckily businesses, which want to make a buck are way ahead of these purveyors of disaster.