FEAR & GREED | Business News Macquarie $11.6b bid for Qube; energy brawl in Canberra; Titanic pocket watch sells
Nov 24, 2025
Macquarie has made headlines with an $11.6 billion bid for Qube, stirring the logistics sector. Meanwhile, BHP's second attempt to acquire Anglo American ends in rejection, raising questions about market maneuvering. In Canberra, energy policy takes center stage as parliament reconvenes, drawing international attention. A unique piece from history—a gold-trimmed pocket watch that sank with the Titanic—fetches a stunning $2.3 million at auction. Plus, US Ambassador Kevin Rudd faces backlash over new Australian streaming content rules.
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Logistics Are Back In M&A Spotlight
- Macquarie Asset Management's $11.6 billion bid for Qube highlights logistics as a growing M&A target.
- The deal signals investor appetite beyond AI and data centres for practical infrastructure assets.
BHP Still Hungry But Faces Rejection
- BHP's near-repeat approach for Anglo-American shows continued hunger for copper assets.
- Anglo's rejection and takeover law constraints highlight the limits and risks of repeat unsolicited bids.
M&A Activity May Be Broadening
- Recent moves suggest M&A activity is broadly picking up beyond resource deals.
- Interest in assets like Qube and Monash IVF indicates potential wider market deal flow ahead.