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The Australian-listed shares of BHP Group fell 1.5% on Thursday after the mining giant walked away from its $49 billion plan to take over rival Anglo American, ending for now its six-week pursuit. ...
SYDNEY (Reuters) -BHP Group investors welcomed the top global miner's decision to walk away from a $49 billion plan to take over Anglo American, which rejected three proposed offers from its bigger rival over the past six weeks.
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...
(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 share sell off, said RBC analyst Kaan Peker in Sydney.
Stocks head for best month since Nov 2020, Treasury yields set for biggest monthly fall since 2008