The Latest Breaking News from Atlassian

Mike Cannon-Brookes, Atlassian and AGL

Atlassian cofounder says released details prove the split would be a ‘terrible outcome’ for energy giant’s shareholders

But AGL Energy rejected Atlassian co-founder Mike Cannon-Brookes' preliminary $8bn offer.

Billionaire co-founder of software company Atlassian, Mike Cannon-Brookes, says he will continue to work with the board of energy giant AGL to pursue a takeover that would help Australia have the "lowest-priced energy in the world".

The Australian share market closed higher, as AGL shares surged on news the energy company had rejected a takeover bid from Mike Cannon-Brookes.

Bid led by Atlassian founder to buy Australia’s biggest polluter and shut its coal plants earlier than planned rejected as not in shareholders’ best interests

Atlassian Corporation PLC (NASDAQ: TEAM) shares are trading higher by 11.7% at $325 after the company reported better-than-expected second-quarter EPS and sales results and issued third-quarter sales guidance above estimates.

Piper Sandler analyst James Fish lowered the firm's price target on Atlassian Corporation PLC (NASDAQ:TEAM) to $414 from $472 and reiterated an Overweight rating on the shares. The price target implies an upside of 42.3%. The analyst says the company's fiscal Q2 was another strong quarter with 8% subscription upside, out-performance across all product categories,…

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