British multinational miner Anglo American on Thursday said it had received an all-share takeover proposal from the world's largest listed miner, BHP Group. The deal, if agreed, would give BHP access to more copper,
Hi, it’s Fareed Sahloul in New York, looking at the timely arrival of activist investor Elliott at Anglo American. Also today, Europe sees its best public market debut in years and there’s a stake in the San Francisco Giants up for grabs.
London-listed miner Anglo American said on Thursday it had received an all-share buyout proposal from BHP Group, a deal that would make the world's biggest listed miner also the largest producer of copper globally.
Anglo American Plc has turned down a $39 billion takeover proposal from BHP Group, saying it significantly undervalues the company. The rejection was widely expected as analysists and some investors had seen BHP’s proposal undervaluing Anglo.
BHP Group's proposed $39 billion buyout of Anglo American is a big bet on copper that could spark a scramble for mining assets as a bullish demand outlook and tight supply for a mineral crucial to the energy transition sends prices to multi-year highs.
Anglo American rejected BHP’s $39 billion takeover proposal but investors appear to be betting on a deal eventually getting done. Based on BHP's closing stock price in Australia, the stock-based appro
Anglo American rejected BHP's 31.1 billion pound ($39 billion) takeover offer on Friday, saying it significantly undervalued the miner and its future prospects.
Australia-based BHP approached its smaller rival this month with an all-stock offer that would exclude Anglo American’s platinum and iron ore businesses in South Africa, which are independently listed.
The last time BHP Group took a swing at another major miner, it was Rio Tinto Plc back in 2007. That could have been a blockbuster $150 billion takeover, but with metals prices crashing as the financial crisis took hold and with China signaling its discontent,
Traders are pushing Anglo American Plc shares above the value of BHP Group Ltd.’s takeover proposal, a sign they expect a higher bid from the suitor or an interloper.
BHP said it’s looking to offer 0.7097 shares of its share for each Anglo American share, and that any bid would also spin off Anglo American’s stakes in Anglo American Platinu
BHP has proposed a £31bn takeover of Anglo American that would bring together two global mining companies and rank as one of the industry’s largest transactions in years. The w
Copper stocks and commodity prices have surged. The latest potential merger in the sector may put the cherry on top as a sign for investors to sell. Anglo American, a London-based diversified miner that derived about a quarter of its 2023 sales of $24.
Anglo American stock climbed 5% in London after it turned down BHP Group’s takeover bid Friday. The British mining company said in a statement that the deal “significantly undervalues” its business, and that the “uncertainty and complexity” of BHP’s offer is “highly unattractive” to Anglo’s shareholders.
BHP will have to sweeten its offer for Anglo American if it wants to succeed in its takeover of the diversified international miner with stakes in three big South American copper mines.
U.K.-based mining giant Anglo American has rejected a 31 billion pound ($39 billion) takeover offer from BHP Group, saying it significantly undervalues the company and its growth potential. Anglo said Friday that its board unanimously rejected the “unsolicited” and “highly conditional” bid from BHP,
Mining giant Anglo American on Friday rejected a takeover bid from rival BHP Group, saying the offer "significantly undervalues" the company and its prospects.
KEY TAKEAWAYS Mining giant BHP Group has offered to buy rival Anglo American for nearly $39 billion.The deal would be one of the largest transaction in the industry in years if it goes through.The all-share offer is contingent on Anglo American spinning off shareholdings in two South Africa-listed units,
Mining giant BHP Group on Thursday said it had made an all-share takeover offer for rival Anglo American, valuing the company at £31.1 billion ($38.9 billion).
Mining giant Anglo American rejected a $39 billion takeover bid from rival BHP Group. BHP had offered an all-stock deal that valued Anglo American at over $38 billion. Anglo American
I mean, they were asked to spin out Kumba and the Anglo platinum stake holdings to their shareholders, which would have created a huge amount of flowback uncertainty. We saw it with Tongala a couple of years ago.
BHP’s bid for Anglo American has met with opposition from shareholders, who have branded the £31 billion deal “opportunistic”, warning that it may be taking advantage of Anglo’s relatively depressed shares in a proposed all-share combination of the group.
BHP seeks to get ahead of that price boom. It said that the deal would boost its exposure to Anglo’s copper assets, which are located in Chile and Peru. Meanwhile, the mining sector is flush with cash after bumper profits from higher commodity prices in recent years.
Australian mining giant BHP said Thursday it has made a $38.8 billion takeover bid for British rival Anglo American, a colossal deal with the potential to fundamentally reshape the sector.
BHP is set to spin off Anglo American’s platinum and iron ore mining businesses as part of a deal that could prove controversial in South Africa. The two units are already listed on the Johannesburg Stock Exchange and the group’s existing shareholders would be given South African-listed shares valuing the assets at about £10.
The London stock market smashed another record peak Thursday after British mining titan Anglo American received a gargantuan $38.8-billion takeover bid from rival BHP, with sentiment also buoyed by earnings.
Elliott Investment Management has built a ~$1B stake in Anglo American (OTCQX:AAUKF) (OTCQX:NGLOY), Bloomberg reported Friday, adding to pressure on the miner after it rejected BHP's (BHP) £31.1B takeover approach.
Anglo American has rejected a takeover bid from BHP, averting for now what would be the biggest shake-up in the mining sector in a decade, but analysts see a merger having limited impact on dry bulk shipping.