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BHP's next move after second bid rejection by Anglo American
4
Resolution / Starting Odds
Launch a higher third bid • 33%
Initiate a hostile takeover • 33%
Withdraw from acquisition attempts • 34%
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Anglo American Rejects Second $43 Billion BHP Bid, Plans Business Strategy
May 13, 2024, 12:51 PM
Anglo American has rejected a revised takeover bid from BHP Group, valued at £34 billion ($43 billion), marking the second rejection of an offer from its larger rival. The latest proposal, which was approximately 15% higher than the first, was deemed insufficient by Anglo American due to concerns about undervaluing the company and its future prospects. The rejection sets the stage for a potential hostile takeover battle between the two global mining giants. BHP's pursuit of Anglo American is expected to dominate discussions at the upcoming key mining conference in Miami. Anglo will lay out plans for its business to investors on Tuesday.
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