Australia's largest energy retailer, AGL Energy, and Sydney Gas both have gone into trading halts pending an announcement about a material transaction.
Sydney Gas said the announcement was in relation to a takeover bid.
CommSec market analyst Savanth Sebastian said it appeared the announcements were related.
AGL last traded at $15.45 and Sydney Gas at 27.5 cents.
http://www.theaustralian.news.com.au/business/story/0,28124,24836975-20142,00.html
SGL
ricegrowers limited
agl tipped to bid for sydney gas, page-3
Currently unlisted. Proposed listing date: MONDAY, 8 APRIL 2019 11:00AM ##
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