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AGL ENERGY LIMITED. — M&A Activity 2019
May 30, 2019
64332_rns_2019-05-30_5770ddc3-cb33-4572-b2b3-c0c98c6584e0.pdf
M&A Activity
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Locked Bag 3013 Australia Square NSW 1215 Australia
Level 24, 200 George St Sydney NSW 2000 Australia
AGL Energy Limited ABN: 74 115 061 375
T: +61 2 9921 2999 F: +61 2 9921 2552 www.agl.com.au
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ASX & Media Release
AGL response to media reports
31 May 2019
AGL Energy Limited (AGL) refers to a report in The Australian Financial Review of AGL’s potential interest in acquiring Vocus Group Limited (Vocus).
AGL stated at its half-year results in February 2019 that it was assessing growth opportunities to meet the needs of increasingly connected customers as energy and data value streams continue to converge. In recent months, AGL has been assessing investment opportunities to support this strategy.
AGL recently contacted Vocus with a confidential, non-binding indicative offer, seeking access to due diligence materials so AGL could determine whether to make a binding offer for Vocus.
AGL has now withdrawn this non-binding indicative offer after being unable to agree due diligence terms that were acceptable to AGL.
AGL will continue to assess opportunities to support its strategy.
Investor enquiries
Chris Kotsaris Senior Manager, Investor Relations T: +61 2 9921 2256 M: +61 402 060 508 E: [email protected]
Media enquiries
Mike Duffy Group Manager, Media Relations M: +61 499 102 630 E: [email protected]
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