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Australian Takeover Essay

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From business point of view, in takeover there will be a target company which will be purchased by another company which is known acquirer company. If an exterior group of companies acquires the control and power of a target business, the whole transaction termed a takeover. To measure the consequences of takeover, shareholders sometimes need to follow some defensive strategies.
There are four different types of takeover.
a) Friendly takeover
b) Hostile takeover
c) Reverse takeover
d) Back-flip takeover
And two types of takeover bid: an off market bid and a market bid.Virtually and almost all takeover bids are off-market bids because of the ability and capabilities to include conditions.
In Australia, takeover usually regulated with the …show more content…

Firstly, it was privately owned gas utility in New South Wales and since thenbuilding an extensive energy business across Australia. Today, AGL is one of Australia’slargest energy retailers with over 3.5 million customers as at the Announcement Date.AGL is Australia’s largest private owner, operator and developer of renewable energygeneration assets and has a number of development opportunities that will help meetAGL’s mandatory obligations in the future, and enhance its market position.AGL’s head office is in …show more content…

Immediately prior to the announcement (15 July, 2013), APG’s revenue was up 32.6% annually to $483.6 million significantly with closing price 39.0 cents on trading day. It was due to reduced carbon, tax and distributor cost. However, this was balanced bycontinuing decline in averageelectricity usage.
The number of customer accounts increased by 3.6% to 353,990, withgrowth experienced in Victoria and New South Wales, but a decrease in Queensland. Thecompany’s statutory loss increased to $8.6 million, compared with the loss of $3.9 million. Original after-tax profit was down 281.4% to an $11.1 million loss whileoperating cash flow was down $5.9 million to $16.5 million. Net debtof $55.4 million as at 30 June 2013.
On 30 June 2013, APG sourced 71.4% of its revenues fromelectricity customers and 28.5% from gas customers. The company employs anoutsourced business model, including an exclusive 10-year agreement with a subsidiary ofCobra Group, process services agreement with Serviceworks, a Computershare company.Theresult concludes a $15.3 million increase in the bad debts due to larger numbersof customers experiencing hardship in paying energy

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