Business
ASX slips; Altium rejects $5b bid; AUSTRAC action spooks investors – The Sydney Morning Herald
The S&P/ASX200 was flat on Monday as gains for the miners, CSL, and tech stocks were wiped out by the banks, Wesfarmers and Telstra.
Altium has rejected a $5.05 billion takeover proposal from Nasdaq-listed software giant Autodesk, saying the offer undervalues its business.
Altium has recruited Goldman Sachs for its defence after being approached over the weekend and said the offer evolved from a dialogue about a strategic partnership with the $US62 billion Autodesk, which is known for its computer-aided design software.
The ASX tech firm remains in a trading pause after it knocked back Autodesks non-binding, indicative and unsolicited…
-
General24 hours agoGlobal humanitarian Alison Thompson awarded 2026 Australian of the Year for NSW
-
Noosa News23 hours agoRecognition for outstanding teacher | Noosa Today
-
Noosa News22 hours agoThe Brisbane state school with an IB program preparing students for university
-
General12 hours agoOwners barred from Beachport holiday units after council fire safety change