Anglo American Takeover Rumours (AAL)

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