BHP is weighing up its next move after its initial takeover proposal for its smaller competitor was rejected by Anglo last week
BHP has told Australian investors privately that its $39-billion Anglo American bid is in line with its strategy and that it will be disciplined in its approach, two fund sources said.
Both BHP investors said they saw value in a deal given Anglo’s quality copper assets and long term copper prices, and would be open to BHP raising its offer. They declined to be named as the talks were private. In a parallel process, BHP adviser UBS has begun booking meetings with fund managers for this week, three sources with direct knowledge of the matter said.Reuters reported over the weekend, citing a source, that BHP is considering a renewed bid for London-listed Anglo.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BHP considering improved proposal for Anglo American after bid rejected, source saysExplore stories from Atlantic Canada.
Read more »
BHP considering improved proposal for Anglo American after bid was rejected, source saysExplore stories from Atlantic Canada.
Read more »
BHP considering improved proposal for Anglo American after bid was rejected, source sayshe deliberations are currently ongoing and it hasn’t made a decision on the size and structure of the new proposal
Read more »
BHP considering improved proposal for Anglo American after bid was rejected, source saysBHP is in discussion for revised proposal for Anglo American in the coming weeks, the source said. The deliberations are currently ongoing and it hasn't...
Read more »
Mining giant Anglo-American rejects BHP's $39 billion takeover offer, says it's 'opportunistic'LONDON (AP) — 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.
Read more »
Mining giant Anglo-American rejects BHP's US$39 billion takeover offer, says it's 'opportunistic'U.K.-based mining giant Anglo American has rejected a 31 billion pound (US$39 billion) takeover offer from BHP Group, saying it significantly undervalues the company and its growth potential.
Read more »