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April 26, 2024
BHP Group shares fell 4% on Friday in the first day of trading of its Australian-listed stock since revealing a $38.8 billion bid for smaller rival Anglo American in a deal that would forge the...
April 26, 2024
(Reuters) -BHP Group shares fell 4% on Friday a day after revealing a $38.8 billion bid for Anglo American as investors feared a deal could erode BHP's profitability especially if it has to sweeten its offer. The company's Australian stock did not trade on Thursday as the Australian share market was closed for a holiday. Questions about jurisdictional risks in South Africa and other regions, and concerns that Anglo American's businesses are lower margin than BHP's led to a ...
April 26, 2024
(Reuters) -BHP Group shares fell 4% on Friday a day after revealing a $38.8 billion bid for Anglo American as investors feared a deal could erode BHP's profitability especially if it has to sweeten its offer. The company's Australian stock did not trade on Thursday as the Australian share market was closed for a holiday. Questions about jurisdictional risks in South Africa and other regions, and concerns that Anglo American's businesses are lower margin than BHP's led to a ...
April 26, 2024
Anglo American rejects BHP's $39 billion takeover proposal By Melanie Burton and Clara Denina MELBOURNE/LONDON (Reuters) -Anglo American rejected rival miner BHP Group's 31.1 billion pound ($39 billion) takeover proposal on Friday, saying the bid significantly undervalued the London-listed miner and its future prospects. "The BHP proposal is opportunistic and…