Yesterday we saw Brookfield Asset Management sell their 2.65% stake in AGL Energy (AGL) at $8.30, a 9c premium to last about a week after inking a deal to buy Origin’s energy markets unit. Brookfield had acquired the stake last year when it teamed up with Mike Cannon-Brookes for two quickly rejected takeover attempts, although MCB was willing to pay more than Brookfield to get the deal done.
- The $8.30 price (above market) implies there is a healthy demand for AGL stock.
MM remains bullish & long AGL in our Income Portfolio
Add To Hit List
