Aussie billionaire responds to ‘huge’ win
Atlassian co-founder Mike Cannon Brookes has responded after a huge win that will drastically alter Australia’s biggest polluting company.
Atlassian co-founder Mike Cannon Brookes has responded after a huge win that will drastically alter Australia’s biggest polluting company.
Demands for an early coal exit and Paris-aligned climate ambition are top of AGL investors’ demands but Mike Cannon-Brookes faces opposition to his bid to secure two board seats.
The power generator and retailer should prepare for its demerger to be voted down, the Atlassian billionaire warns in a letter.
HESTA has been joined by London-based investor Snowcap in voting against the demerger, as Mike Cannon-Brookes builds momentum to derail the company’s planned split.
The veteran investor isn’t convinced by AGL’s explanation for the demerger move amid Mike Cannon-Brookes’ vocal opposition to the restructure.
Mike Cannon-Brookes has used Labor’s election victory to launch a fresh attack on AGL Energy’s demerger vote.
Mike Cannon-Brookes has a strategy for the power giant should he be successful at defeating a demerger which includes making customer homes 100 per cent renewable.
Australia’s share market bucks overnight falls as US and European index futures soared and Asian shares rose. Westpac says housing downturn is here. Shareholder give nod for Crown’s $8.9bn sale to Blackstone. Woolworths goes for Mydeal. Cannon-Brookes reveals AGL vision.
The energy giant led by Graeme Hunt and billionaire major shareholder Mike Cannon-Brookes’ Grok Ventures are engaged in a battle royale over the split.
This Sydney software company has been handed an honour previously received by the likes of Google, and CEO Siobhan Savage says she ‘doesn’t want to screw it up’.
JPMorgan was in the market on Tuesday buying a $292m stake in AGL Energy equating to 5 per cent.
Mike Cannon-Brookes has written to small AGL Energy investors, urging them to turn out and vote against splitting the company in half.
ASX climbs as energy and utility stocks bounce. Lynas Rare Earths and MinRes rally, Brambles ends worst performer, Cannon-Brookes buys more AGL shares and ANZ tips 40bps June hike.
Atlassian and other technology companies have already endured months of pain on the share market, but experts warn there is more to come.
Mike Cannon-Brookes will likely need to amass more shares in AGL Energy to thwart its demerger plans, leaving some betting that another raid of the stock could be on the cards this week.
The Coalition cannot properly attack the teal independents, Labor or the Greens because it has signed up to the same meaningless emissions targets.
Jeremy Kwong-Law has had an interest in the AGL Energy demerger for more than a year. And as the Atlassian billionaire’s right hand man, he has plenty of sway.
AGL has held meetings with its largest shareholders, including Mike Cannon-Brookes, and says it will be an ‘engineering impossibility’ to close its coal power plants by 2030.
High profile tycoon Mike Cannon-Brookes is enduring a ferocious sell off on the tech-heavy Nasdaq where a range of Australian controlled ventures are being belted.
AGL Energy boss Graeme Hunt says its largest investor, Mike Cannon-Brookes, may be plotting a third takeover attempt for the power giant.
AGL’s demerger plan fails to meet climate goals expected by its shareholders, Mike Cannon-Brookes said.
Mike Cannon-Brookes’ Grok Ventures is expected to tell institutional shareholders their dividends will be hit by a demerger.
A five-week countdown has started on the high stakes demerger vote, as AGL’s chair says he has no plans to prioritise discussion with its biggest shareholder.
AGL Energy chief executive Graeme Hunt has accused Mike Cannon-Brookes of making false claims about the company’s demerger plans.
Intervention should come with a warning: you break it, you own it.
Tomago Aluminium said it was open to replacing all of AGL’s coal generation with firmed or backed-up renewable supply by 2029 or earlier.
Mike Cannon-Brookes says he will run a no-holds barred campaign to block AGL’s demerger but the power giant says the billionaire has no plan beyond sabotaging the move.
Deputy Prime Minister Barnaby Joyce has revealed he received an unexpected text from a high-profile person – and he has a gripe about it.
AGL Energy has unveiled a giant renewables investment from Global Infrastructure Partners and attacked billionaire Mike Cannon-Brookes’ plot to block its demerger plan.
Atlassian co-founder Mike Cannon-Brookes has made a huge play that could alter Australia’s energy landscape.
Original URL: https://www.theaustralian.com.au/topics/mike-cannon-brookes/page/9