tell us about the origin of the origin of this deal. >> brookfield and mike cannon brookes are seriousrs. they are not going to enter a bid like this without having serious intentions of making this into a profitable business. you cannot ignore mike cannon brookes who has been a very strong campaigner for the clean energy transition in australia. you cannot ignore the as a motivation for this. what we can tell, the plan is to bring forward the closure dates of the coal-fired power plants. agl announced a week ago they would bring forward the dates. only by three or four years. that led to the clean energy lobbies. the plan would be for them to close the coal plants a lot sooner. bring in let more renewable generation and in just the plan would be to make a profit cared that cheap wind and solar power. there is a big? over that -- over whether that business will work. straley has been so strong in taking up rooftop solar. when in three has rooftop panels p that eroded the profitability. if they were to prove successful in taking over the company, they would have a big challenge on their

multibillion-dollar takeover bid from brookfield asset management and the tech billionaire mike cannon brookes p the company saying the proposal of seven dollars 50 a share is undervaluing the company. we will see whether brookfield and mike cannon brookes come back with any counter offer. we are watching steel as well give it a dollar 20. also taking a look at net income coming in really much more than expectations for the first half. that stock still trading. another one in view. the prophet year on year and we are watching minerals trading a little bit lower. estimates as well as the final dividend per share of 18 we will be getting more on minerals. shery: still ahead, as japan prepares to relax border restrictions, we speak to one of the most vocal supporters of reopening. they join us later this hour. up next, tribeca investment partners tell us how their dealing with extreme market volatility. this is bloomberg. ♪ haidi: asian stocks look set to fall as geopolitical risk and growing calls for aggressive fed action. our next guest a says it is unlikely extreme levels of volatility are ov

a consortium of asset management and technology billionare mike cannon brookes plans to speak to allholders including shareholders after their multimillion dollar bid to acquire agl energy was rejected. morehead, this is bloomberg. more ahead, this is bloomberg. -- more ahead, this is bloomberg. ♪ >> boris johnson assist the country must learn to live with a coronavirus as he ended pandemic rules. hong kong is still considering strict rules to control its outbreak. there are different strategies to deal with covid around the world. >> it is different in different parts of the country in the united states, in different parts of the world. you see on the pandemic and the way that leaders and societies want to go about fighting it, we are seeing things getting better and different strategies that are being approached. some things may be premature, we have record numbers. we have very high numbers of hospitalizations in the united states. throwing caution to the wind does not make sense to me. you casing isolation is not that important is a little bit confusing because -- u.k. saying iso

joint bid to acquire the firm led by brookfield asset management and australian billionaire mike cannon brookesr materially undervalues agl. the proposal represents a 4.7% premium to the closing price. rishaad: checking on the futures contract. taking a look at the s&p. as deck futures in the green. seeing the same pattern with regards to some of the european ones. looking like a positive start to the day of tradeking as deck futures off the highs of the day. these are some of the haven plays paired some of the stocks affected by the tensions. finn gold, which is up to .2% in a week after basically doing nothing in 2021. we are seeing the young below the 115 level. a look at the markets overall. haslinda: that is it from bloomberg markets: asia. daybreak middle east is next. keep it here with us. this is bloomberg. ♪ yep, it's go time on the most reliable network. you get unlimited for just $30 bucks. nice! but mine has 5g included. yep, even these guys get it. and the icing on the cake? saving up to $400 bucks? exactly! xfinity mobile. it's wireless that does it all and saves a lot. get the ne