Anglo American

2024 - 4 - 25

Mining Giant BHP's Sweeter Bid for Anglo American Sparks Excitement

Anglo American - BHP Group - Elliott Investment Management - mining industry - takeover bid - BHP

Traders are on the edge of their seats as BHP's bid for Anglo American heats up! 🚀 #MiningNews #BHP #AngloAmerican

Mining giant BHP has set the stage for a potential blockbuster deal by making a $39 billion bid to acquire its UK rival, Anglo American. The move has sent shockwaves through the market, with traders driving Anglo American's share price above the initial bid value, signaling anticipation of a higher offer. BHP's proposal, valuing Anglo American at a staggering £31 billion, has not only attracted attention from investors but has also sparked ire from the South African government and leading shareholders due to its scale and implications.

The proposed takeover, if successful, would position BHP as a major player in the mining industry, granting access to Anglo American's coveted copper assets. This strategic move comes as the clean energy race intensifies, driving up demand for key metals like copper used in green technologies. The potential merger between the two mining giants could pave the way for the creation of one of the largest copper miners globally, amplifying their influence in the sector.

Amidst the buzz surrounding the deal, Anglo American's shareholders are navigating the implications of the unexpected $38.8 billion unsolicited buyout bid from BHP. The prevailing excitement and speculation in the market highlight the significance of the potential merger, setting the stage for a monumental shift in the mining landscape. As negotiations unfold and stakes rise, the outcome of this high-stakes bidding war between BHP and Anglo American remains a topic of keen interest for industry insiders and observers alike.

In a strategic maneuver, BHP's near-$40 billion bid aims to secure a prominent position in the market as the demand for copper continues to surge, reflecting the growing importance of sustainable energy sources. If the acquisition materializes, it would mark a historic milestone in the mining sector, reshaping the industry and solidifying the foothold of the merged entity in the global mining arena.

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Image courtesy of "Creamer Media's Mining Weekly"

Anglo American share price shows traders want a sweeter bid (Creamer Media's Mining Weekly)

Traders are pushing Anglo American Plc shares above the value of BHP Group's takeover proposal, a sign they expect a higher bid from the suitor or an ...

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Image courtesy of "Financial Times"

BHP plans £31bn bid for Anglo American but attracts ire from South ... (Financial Times)

BHP has proposed buying rival Anglo American in a £31bn deal that provoked a backlash from the South African government and leading shareholders.

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Image courtesy of "CNN"

The clean energy race could trigger the biggest mining deal in ... (CNN)

Mining giant BHP has made a near-$40 billion bid to take over its UK rival Anglo American in what would be the largest mining deal on record.

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Image courtesy of "Mining MX"

BHP offer values Anglo American at R742bn with De Beers future ... (Mining MX)

Anglo shares closed Wednesday on the London Stock Exchange at £22 immediately before news of BHP's offer broke so the offer amounts to a premium of 14% on ...

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Image courtesy of "BBC News"

BHP proposes £31bn takeover of Anglo American (BBC News)

The potential mega merger would give BHP access to Anglo American's copper assets.

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Image courtesy of "Mining Technology"

BHP makes $38.8bn buyout bid for Anglo American (Mining Technology)

Anglo American has received a $38.8bn unsolicited, nonbinding all-share buyout proposal from rival BHP Group, which if materialised would see one of the ...

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Image courtesy of "The New York Times"

Mining Giant BHP Makes $39 Billion Bid for Rival Anglo American (The New York Times)

The deal would create one of the largest copper miners at a time when demand is soaring for the metal used in many green technologies.

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Image courtesy of "The Guardian"

BHP's takeover bid for Anglo American is clever but far too low (The Guardian)

Shareholders in the mining firm are unimpressed by the offer as it stands but what happens next could be interesting.

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Image courtesy of "Reuters India"

Exclusive: Anglo American does not find BHP $39 bln offer attractive (Reuters India)

Anglo American's management does not consider a proposed $39 billion takeover offer from BHP Group as attractive, two sources told Reuters, ...

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Image courtesy of "Financial Times"

BHP will have to dig deeper for Anglo American's copper (Financial Times)

BHP has turned its pickaxe to the equity markets to find the metal it desires: copper. Anglo American, one of the few miners to build a copper mine in ...

BHP bids $39 billion for Anglo American as miners target copper ... (Hellenic Shipping News Worldwide)

BHP Group bid $38.8 billion for Anglo American (JO:) on Thursday, offering a deal to forge the world's biggest miner and driving its smaller rival's shares ...

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Image courtesy of "News24"

Pieter du Toit | Last rites for Sir Ernest's Anglo American? From ... (News24)

Anglo American formed the backbone of the South African economy for decades. It is a shadow of its former self – but it seems that country risk is catching ...

ANGLO AMERICAN PLC – Rule 2.9 Announcement - Sens (Moneyweb.co.za)

Anglo American holds no ordinary shares in treasury. The total number of shares attracting voting rights in Anglo American is therefore 1,337,577,913.(1). This ...

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Image courtesy of "Financial Times"

Anglo American rejects 'highly unattractive' BHP offer (Financial Times)

UK-listed company says Australian miner's bid 'significantly undervalues' it.

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Image courtesy of "Independent Online"

BHP makes big play for copper with Anglo American bid (Independent Online)

This as the proposed bid that conditionally excludes Kumba Iron Ore and Anglo American Platinum.

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Image courtesy of "CNBCAfrica.com"

Anglo American rejects BHP's $39 bln takeover proposal (CNBCAfrica.com)

April 26 (Reuters) – Anglo American AAL.L rejected rival miner BHP Group's BHP.AX 31.1 billion pound ($38.88 billion) takeover proposal on Friday, ...

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Image courtesy of "The Guardian"

Anglo American rejects BHP's £31.1bn takeover proposal; Darktrace ... (The Guardian)

A day after the mining sector was shaken up by BHP's approach, Anglo's board has unanimously rejected the proposal. The company says: The Board has considered ...

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Image courtesy of "Health24"

Anglo American rejects BHP's 'opportunistic' and 'unattractive ... (Health24)

The board of Anglo American have unanimously rejected global mining giant BHP's "opportunistic" proposed all-share takeover offer of the company valuing it ...

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Image courtesy of "The Guardian"

Anglo American rejects £31bn takeover offer from mining rival BHP (The Guardian)

All-share proposal had potential to be one of biggest deals in sector for decade but deemed 'opportunistic'

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Image courtesy of "Financial Times"

Why South Africa is Anglo American's 'poison pill' (Financial Times)

BHP, whose £31bn bid for Anglo has been rejected, faces fraught politics and complicated history in the country.

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Image courtesy of "Mining Review"

Anglo American rejects BHP proposal (Mining Review)

The board has considered the proposal has concluded that the proposal significantly undervalues Anglo American and its future prospects.

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Image courtesy of "Independent Online"

Anglo American rejects R741 billion bid from BHP (Independent Online)

Analysts had said BHP was primarily interested in Anglo American's copper assets to grow its portfolio of the metal.

ANGLO AMERICAN PLATINUM LIMITED – Statement regarding ... (Moneyweb.co.za)

Shareholders are referred to the announcement made by Anglo American Platinum Limited ('Anglo American Platinum') on 25 April 2024, referring to the ...

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Image courtesy of "CNBC"

Anglo American rejects BHP's $39 billion takeover bid to form ... (CNBC)

Mining giant Anglo American on Friday rejected a takeover bid from rival BHP Group, saying the offer "significantly undervalues" the company and its ...

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Image courtesy of "BBC News"

Anglo American rejects £31bn mega-deal with rival BHP (BBC News)

The firm says BHP's bid to create one of the world's biggest mining groups is "highly unattractive".

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Image courtesy of "Daily Maverick"

Anglo American board rejects BHP takeover bid (Daily Maverick)

The world's largest mining company now has until 22 May 2024 to declare its firm intentions towards Anglo and its tasty copper holdings.

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Image courtesy of "Health24"

US activist hedge fund Elliott is one of Anglo American's 10 largest ... (Health24)

Elliott Investment Management has built a roughly $1 billion (roughly R19 billion) stake in Anglo American, people with knowledge of the matter said, ...

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Image courtesy of "CNBC"

Elliott takes $1 billion stake in Anglo American as miner faces ... (CNBC)

Elliott Management has built a roughly $1 billion stake in miner Anglo American in recent months, a person familiar with the matter told CNBC.

Activist investor Elliott builds $1bn stake in Anglo American, source ... (Creamer Media's Mining Weekly)

Activist fund Elliott has built up a $1-billion position in Anglo American shares, according to a person with knowledge of the situation.

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