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MELBOURNE (Reuters) – Tech billionaire Mike Cannon-Brookes is seeking to buy an 11.5% stake in AGL Energy (OTC:) nearly two months after Australia’s top power producer rejected a A$5.4 billion takeover offer from his Grok Ventures and Canada’s Brookfield Asset Management, according to a market statement from JPMorgan (NYSE:).
“Grok Ventures and its affiliates are looking to acquire a combined physical and economic interest in up to 11.5% of AGL Energy Limited shares as part of a strategic derivative transaction,” JPMorgan’s equity capital and derivatives markets division said in the information statement seen by Reuters.
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