Ball in BHP's court; Anglo says bid fails on value, structure | Hotter Commodities
Read more about the BHP and Anglo American deal and how the proposal tried to create the largest copper producer in the world.
Stay updated with breaking news from Stuart Chambers. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Read more about the BHP and Anglo American deal and how the proposal tried to create the largest copper producer in the world.
BHP Group Ltd (ASX: BHP) shares, declined by 0.42% after a rebuff from Anglo American plc (LON:AAL) following its unsolicited takeover offer.
Anglo American has rejected rival Australian mining and metals company BHP Group’s £31.1bn unsolicited and non-binding buyout offer.
Analysts said the bid needs to be more than £40bn to tempt Anglo to accept the deal. A bidding war could push the valuation higher.
City grandee Stuart Chambers is under fire as yet another British business he leads is at risk of being sold off to a foreign predator.