BHP's options for Anglo American deal narrow as deadline looms
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 15 2024
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Should l Buy ?
Source: reuters
- BHP Group's Options for Anglo American: BHP Group is considering sweetening its $42.7 billion buyout offer for Anglo American, making a hostile bid, or walking away before the May 22 deadline.
- Anglo American's Restructuring Plan: Anglo American unveiled plans to focus on energy transition metal copper and spin out/sell less profitable businesses, receiving mixed responses from investors.
- Potential Rival Bid by Glencore: Swiss commodities group Glencore is studying a possible rival bid for Anglo American, increasing interloper risk.
- BHP's Strategy and Investor Response: BHP has highlighted past successes in spin-offs and asset sales to make its case for the buyout, with investors anticipating potential revisions to the bid.
- Future Scenarios and Market Response: BHP may improve the share ratio, add cash, or walk away if Anglo does not engage, with investors speculating on future moves and market reactions.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
