IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

Arun has over 15 years’ experience covering the Technology sector. During this time, he has worked with technology start-ups and as an equity analyst in investment banks and independent research firms. He was formerly a Technology Analyst for Canaccord Genuity, Altium Securities, Espirito Santo Investment Bank, Noble Group and Clear Capital. He has a dual Master’s degree in Financial Engineering and Industrial and Operations Engineering from the University of Michigan. He obtained his Bachelor’s degree in Mechanical Engineering from the Indian Institute of Technology, Bombay. He is also a CFA charterholder.

IPOs and Catalysts/Events

AGL Energy’s Demerger Vote in the Balance with Grok Ventures’ Move

AGL Energy’s Demerger Booklet Provides an Underwhelming Justification

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Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/agl-energy-ltd" target="_blank" data-smartkarma-citation="entities:554:1" rel="noopener">AGL Energy Ltd (AGL AU)</a> has rejected the Brookfield consortium’s bid of A$7.50 cash per share largely due to the mediocre 4.7% premium to the undisturbed price.  </li>
<li>The Brookfield consortium strategy seems to nudge shareholders to force the Board to engage to seek better terms and increase the uncertainty on the scheme vote on the demerger. </li>
<li>At last close, the shares are trading 5% above the terms suggesting a higher bid. A takeout price of A$9 is entirely possible. </li>
</ul>



AGL Energy Ltd (AGL AU) has rejected the Brookfield consortium’s bid of A$7.50 cash per share largely due to the mediocre 4.7% premium to the undisturbed price.  
The Brookfield consortium strategy seems to nudge shareholders to force the Board to engage to seek better terms and increase the uncertainty on the scheme vote on the demerger. 
At last close, the shares are trading 5% above the terms suggesting a higher bid. A takeout price of A$9 is entirely possible. 


AGL Energy in Brookfield and Grok Ventures’ Crosshairs