Anglo American Takeover Rumours (AAL)

Perhaps you may not have noticed, chopp1, but quite a few things have happened in 2 years which is the reason why AAL are vulnerable to a takeover. £40! As eggs said, you're having a giraffe.

BHP's $64 billion takeover of Anglo American 'absolutely not' in trouble Apologies if you have already seen this, I hadn't. Just copy and paste the title above into YouTube.

Anglo American is eyeing the quick sale of its coking coal business as it seeks to convince investors its radical shake-up is working. The London-listed mining giant, which has turned down two bids from BHP worth £31billion and £34billion, this week unveiled plans to break up the company to fend off takeover interest. The Mail understands it believes it will strike a deal to sell the coking coal arm for up to £4.75billion, having already received interest. Glencore is said to be a potential buyer. Bosses hope a rapid sale will convince shareholders they are the right people to take Anglo forward amid interest from BHP. It also plans to spin off its diamond business De Beers – possibly via a stock market listing in London – and its South African platinum arm. Daily Mail

I am sorry to see coal on the disposal list. I think there is money in that for many a year to come. Diamonds i should be happy to see go, ambivalent about platinum. Nickel, probably not the best moment to be unloading, but it could be a long wait for better times. Anyone would think that the BHP CEO had written the for sale li I can't make up my mind whether to top up, Earlier would have been much better, but better late than not at all, perhaps. I added 50% to my Glencore holding a few months ago on a dip below 400 and am well up on that. The moral is probably to wait for a better price. No takeover is likely to happen very quickly. The simplest solution is just to keep adding to my BRWM holding on dips and wen it goes to a discount, rather than wory about the relative merits of individual companies

LONDON, May 14 (Reuters) – Anglo American shareholder Aegon Asset Management said on Tuesday it welcomed a proposed strategy revamp at the London-listed mining firm, as it tries to fend off a takeover bid from the world's largest miner BHP Group . Aegon AM Investment Director David Pringle told Reuters the strategy laid out by Anglo's management, including demerging or selling its steelmaking coal, nickel, diamonds and platinum businesses, appeared to give investors "a marked simplification of the group with over 50% of profits coming from copper, and a stronger balance sheet providing optionality around capital allocation." Aegon AM owns 0.23% of Anglo American shares, according to London Stock Exchange ................................................................................... On the other hand you could say that a slimmed down Anglo will be an even more attractive target for a takeover!

Yeah the market doesn't like uncertainty and that's what is keeping it down right now following yesterday's bid rejection. We have almost seen 2800 so the question I am asking myself is can we get to 2950 in a years time with no takeover? I think that's possible so sub 2800 is a no go and I will hope for 5% share price growth and a divi too from AAL if nothing does happen from BHP. Good luck all ðŸ‘￾ðŸ￾»

LONDON, May 14 (Reuters) – Anglo American laid out a strategy update on Tuesday that includes exploring options for its steelmaking coal, nickel and platinum businesses, in an effort to fend off a takeover bid from the world's largest miner BHP Group . The announcement comes a day after the London-listed miner rejected a raised offer from BHP, saying it continued to significantly undervalue the company and was "highly unattractive" for its shareholders. In a statement on Tuesday, Anglo said it was going to divest its steelmaking coal assets, demerge its troubled platinum unit in South Africa, explore options for its nickel mines, and divest or demerge diamonds business De Beers. "We expect that a radically simpler business will deliver sustainable incremental value creation through a step change in operational performance and cost reduction," Anglo CEO Duncan Wanblad said.

Well the strategy is now out so let's see what the market makes of it. It's a smart move from the companies perspective to fend off a takeover but I still think BHP will digest it then come back with another offer. Good luck all ðŸ‘￾ðŸ￾»

From the RNS today.... Anglo American has accelerated plans for delivery of its standalone strategy and will provide a detailed investor update on 14 May 2024. Under Rule 2.6(a) of the Takeover Code, BHP must by not later than 5.00 p.m. on 22 May 2024, either announce a firm intention to make an offer for Anglo American in accordance with Rule 2.7 of the Takeover Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Takeover Code applies. This deadline will only be extended with the consent of the Takeover Panel in accordance with Rule 2.6(c) of the Takeover Code.

Under the potential deal, BHP said it would offer £27.53 a share, including £4.86 in subsidiary Anglo Platinum’s shares and £3.40 in iron ore business Kumba’s shares. HTTPS://www.standard.co.uk/business/business-news/anglo-american-rejects-second-takeover-offer-from-bhp-worth-ps34bn-b1157433.html

Anglo American PLC (LSE:AAL), the mining company, saw its shares rise 1.5% after reports indicated Rio Tinto might be interested in making an offer. The FTSE 100 miner has been at the centre of takeover interest from industry rivals. Last month, the group rejected an offer from BHP as management claimed it significantly undervalued the company. Last week, reports revealed Glencore was mulling a bid. Now it's Rio Tinto's turn, with Australian reports indicating it was also considering tabling an offer. PROACTIVEINVESTORS.CO.UK

Anglo American’s key South African shareholders are open to a takeover offer from BHP.... The investors, which collectively hold more than 15 per cent of Anglo, told the Financial Times that BHP would need to sweeten its offer but they were not opposed in principle to an acquisition by the Australian group. https://www.ft.com/content/4485898b-7c3d-43ad-8752-fee62a4b47f7

It is a tricky one. If the takeover interest is going to fizzle out, now would be a good time to sell and look to repurchase cheaper. On the other hand, if hopes are bouyed by revised /improved offers from BHP and Glen (and perhaps others) now is not the time to be out. Personally, I have never much liked Anglo's fine diamonds business, which requires a lot of expenditure to buy in stones to keep the market tight, and upon fashion for sales volume. It does provide diversification, but if they could find someone to unload that to now that competitors are running the rule over their assets I would applaud.

BHP insists Anglo American's South African assets must go in any takeover, sources say https://www.reuters.com/markets/deals/bhp-insists-anglo-americans-south-african-assets-must-go-any-takeover-sources-2024-05-07/

A familiar scenario for ex SXX holders. https://www.thetimes.co.uk/article/fears-for-anglo-americans-yorkshire-mine-after-bhps-takeover-tilt-wqpcpmgcm

More views…. Anglo American Takeover Price Needs to Surpass £30/Share, Survey Shows HTTPS://finance.yahoo.com/news/anglo-american-takeover-price-needs-093842832.html

Daily Mail business… BHP will not necessarily triumph in pursuit of Anglo-American. But it will almost certainly tempt other buyers. Those mentioned are India’s Vedanta, which made a previous failed offer, or perhaps a Chinese miner. ...................................................................................... That's the key in my opinion. Although the shares are listed in London and the takeover is theoretically possible I would have thought that the South African government can certainly make it damned difficult for BHP to complete a deal and I am surprised that they are even trying. I am guessing that AAL is on the way out and it will eventually go to the Chinese who would be more acceptable, but WTFDIK - at this stage this could go anywhere. BHP shares continue to fall so someone must feel that they've got a chance.

(Reuters) -BHP Group is considering making an improved proposal for Anglo American after its $39 billion initial offer was rejected by the London-listed miner, a source familiar with the matter told Reuters. BHP is in discussion for revised proposal for Anglo American in the coming weeks, the source said. The deliberations are currently ongoing and it has not made a decision on the size and structure of the new proposal, the source added. BHP and Anglo American did not immediately respond to a Reuters request for comment. Anglo American had rejected BHP’s $39 billion takeover offer on Friday saying it significantly undervalued the miner and its future prospects. BHP has until May 22 to come back with a formal offer for Anglo American. It is expected to sweeten its 25.08 pound per share offer to try to clinch a deal that would create the world’s biggest miner of copper, a metal central to the clean energy shift.

Bloomberg What happens now? Under UK takeover law BHP has until May 22 to either announce a firm intention to make an offer or walk away, and the company is expected to return soon with an improved proposal in the hopes of winning over Anglo’s board and management. Analysts at Jefferies and Co. have suggested the per-share value for the whole company will need to be at least £28 for Anglo to take it seriously and enter talks. HTTPS://finance.yahoo.com/news/bhp-39-billion-copper-play-130022792.html

Anglo American rejected BHP Group's 31.1 billion pound ($39 billion) takeover proposal, saying the bid significantly undervalued the London-listed miner and its future prospects. "The usual playbook for mega deals in the resources space is for the original suitor to respond to rejection by coming back with a better offer, or someone else throwing their hat into the ring. That contender could be Rio Tinto," said Russ Mould, investment director at AJ Bell, in a note. However, Anglo advanced 3.2% after activist fund Elliott disclosed a $1 billion stake in the company. HTPPS://www.lse.co.uk/news/ftse-100-continues-record-run-darktrace-rallies-on-buyout-deal-vdejyou4mur1hfn.html

BHP said it will offer 25.08 pounds ($31.39) per Anglo share, a premium of 31% from Wednesday's close, and spin out its London-listed target's iron ore and platinum assets in South Africa, where BHP, the world's largest listed miner, has no activities. Anglo, which owns mines in countries including Chile, South Africa, Brazil and Australia, said it was reviewing the unsolicited and non-binding proposal from BHP, which under UK takeover rules has until May 22 to make a firm offer. Reuters

i can see a battle between BHP and glencore bid for this tbh...not so for Rio. Still way too cheap for takeover it will keep creeping up to make bidders serious. BHP and Glencore have mountain of cash!

Just notices thoma bieshuwel email confirming bhp takeover approachThat explains price spike end of afternoon When did u hear

BHP considering takeover of anglo according to Bloomberg

https://www.thetimes.co.uk/article/anglo-american-tipped-for-takeover-after-copper-shock-hvxlp7gd5

Yes bulls desperately saying takeover, load of you know what.I don’t know what the right level is.

Takeover bid before then...

The Times: Anglo American faces a possible takeover or merger approach after seeing £30bn wiped off its value since its chief executive took charge less than two years ago, analysts say.

Takeover talk today doing the rounds. I wonder if that will help lift the price?? Good luck all ðŸ‘￾ðŸ￾»

https://archive.vn/2023.12.11-013708/https://www.thetimes.co.uk/article/anglo-american-tipped-for-takeover-after-copper-shock-hvxlp7gd5Tipped for TO but only if shares fall further