| Good afternoon, It's just not enough, is Anglo American's frank assessment of BHP’s $40.5bn takeover offer. Anglo chairman Stuart Chambers released a statement to the London Stock Exchange late on Friday, Australian time, saying BHP’s bid was opportunistic and failed to value Anglo’s assets fairly. Meanwhile, the Australian sharemarket experienced one of its largest one-day declines of the year , on the back of a Wall St slump, when the ASX 200 fell 1.4 per cent on Friday to close at 7575.9 points. This puts the market on track for its worst monthly performance since September, 2022. The broader All Ordinaries index fell almost 1.3 per cent to 7837.4 points. One of the Australia's most harmonious business marriages is over, but it's amicable. Scott Farquhar is stepping down as Atlassian co-chief executive, leaving fellow co-founder Mike Cannon Brookes to run the company. And a wine industry group has accused Dan Murphy’s owner Endeavour Group and supermarket chain Coles of anti-competitive behaviour by squeezing margins, de-listing wines and manipulating store layouts to push shoppers towards their private label products.
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