BHP makes $39 billion bid for Anglo American in mining mega play
Publishing timestamp: 2024-04-25 11:59:09
Summary
BHP Group has made an all-share takeover offer for rival Anglo American, valuing the company at $38.9 billion. The proposal includes divestments by Anglo American to its shareholders. The combination of the two mining giants would create a juggernaut in copper mining and potentially supply 10% of global output. The mining industry has seen an uptick in merger and acquisition activity, with BHP targeting Anglo American for its assets and exposure to various commodities.
Sentiment: MIXED
Tickers: AAL-GB, 0HN3-GB, BHP-AU,
Keywords: anglo american plc, breaking news: markets, business news, bhp group ltd, markets,