AGL abandons Vocus offer

AGL Energy has already walked away from its A$3 billion Vocus bid saying this morning it had ceased its due diligence announced and withdrawn its non-binding indicative proposal less than a week after making it, with AGL CEO Brett Redman saying the company was “no longer confident” the acquisition offered value to its shareholders. 

AGL abandons Vocus offer AGL abandons Vocus offer AGL abandons Vocus offer AGL abandons Vocus offer AGL abandons Vocus offer

Four week due diligence cut short after power retailer pulls plug in week 

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