BHP's CEO Sees No 'Must Do' Transactions, Abandons Anglo American For Now - Anglo American (OTC:AAUKF), BHP Group (NYSE:BHP)

BHP's CEO Sees No 'Must Do' Transactions, Abandons Anglo American For Now - Anglo American (OTC:AAUKF), BHP Group (NYSE:BHP)

Global mining leader BHP (NYSE:BHP) has temporarily abandoned its pursuit of Anglo American (OTC:AAUKF), one of the largest M&A attempts in 2024. The Financial Times reported that the Australian miner now views a deal as "too expensive," given Anglo's share price surge in recent months – as London-listed company shares rose 26% in the last 12 months, owing to restructuring efforts and favorable investor sentiment. BHP's $49 billion bid targeted …

Freak incident causes chaos on WA mine site

It’s understood six people were injured.

BHP's CEO sees no 'must-do' transactions and is abandoning Anglo American for the time being - THE BHARAT EXPRESS NEWS

BHP (NYSE:BHP) has its pursuit of Anglo-American (OTC:AAUKF), one of the biggest M&A attempts in 2024. Collahuasi mine in Chile and the Quellaveco mine in Peru. These sites are among the most important copper reserves in the world, with Collahuasi containing 3.93 billion tonnes of ore with a copper content of 0.66% and Quellaveco containing 1.1 billion tonnes with a copper content of 0.55%. George Cheveleyfund manager at Ninety One. Filo del Sol…

Anglo shares plummet as 'bid premium' disappears

SHARES in Anglo American fell more than six percent on Monday morning in Johannesburg following a report BHP had backed off from making a bid for the company. Citing people familiar with the situation, the Financial Times said BHP’s interest had “cooled” since launching last year’s £39bn hostile takeover. Analysts said the rationale for an offer had diminished. “On the face of it, if BHP were bidding what they thought was fair value, it is diffi…