BHP To Hold Firm On Latest Takeover Proposal For Anglo American: Report
- BHP Group's Takeover Proposal: BHP Group Limited plans to stand firm on its latest takeover proposal for Anglo American Plc, with a deadline until May 29 to make a firm bid.
- Understanding Concerns: BHP will spend the next week understanding Anglo American's concerns on an asset-by-asset basis to convince them of the deal's merits.
- Conditional Proposals: BHP had submitted three unsolicited proposals requiring Anglo American to execute two complex demergers of its South African assets, which were turned down by Anglo American.
- Analyst's Perspective: Analysts suggest that BHP's goal is to persuade Anglo American to agree to open its books and allow further extensions for the acquisition.
- Investor Exposure: Investors can access BHP stock through Exchange Traded Concepts Trust Optica Rare Earths & Critical Materials ETF and Exchange Traded Concepts Trust Range Global Coal Index ETF.
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