(Reuters) -- Australia's AGL Energy on Monday said they have rejected a sweetened A$8.25 apiece takeover bid from tech billionaire Mike Cannon-Brookes and Canada's Brookfield Asset Management, saying it continued to undervalue the power producer.
The revised deal was valued at A$5.43 billion ($4.00 billion), topping a prior bid of A$3.54 billion, which was rejected by the board on Feb. 21.
