Anglo American in crisis talks with shareholders over £31bn BHP bid
Anglo American chairman Stuart Chambers, who has form selling off blue-chip companies, yesterday said he will hold talks with the firm's top 30 investors.
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Anglo American chairman Stuart Chambers, who has form selling off blue-chip companies, yesterday said he will hold talks with the firm's top 30 investors.
Among the companies with reports and trading updates today are Next, GSK, Aston Martin Lagonda, Haleon, CVS Group, Smith & Nephew and Computacenter.
Anglo American's chair is gathering feedback from top shareholders on BHP's $39bn bid, labelled "opportunistic" and "undervaluing" by Anglo.
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.
Anglo American, the parent company of the De Beers Group, has unanimously rejected a buyout offer from mining company BHP Group Limited.