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How will major shareholders react to Anglo American's May 14 strategy?
5
Resolution / Starting Odds
Major shareholder support • 33%
Mixed reactions among shareholders • 34%
Major shareholder opposition • 33%
Shareholder meeting minutes, major shareholder public statements
Story
Anglo American Rejects BHP's £34 Billion ($42.7 Billion) Takeover Bid with 15% Premium
May 13, 2024, 03:02 PM
Anglo American has rejected a revised takeover bid from BHP Group, which valued the company at £34 billion ($42.7 billion). This offer was approximately 15% higher than BHP's initial bid. Anglo American's board deemed the proposal as significantly undervaluing the company and highlighted concerns over the structure and execution risks of the deal. In response to the takeover attempts, Anglo American announced a major shake-up of its portfolio, including plans to divest or demerge its De Beers diamond unit, platinum, met coal, and nickel businesses. The company aims to focus on its core operations and will present its new strategy to investors on May 14. This move marks one of the biggest shake-ups in the company's 107-year history.
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Announce support for Anglo American • 25%
Express interest in bidding for Anglo American • 25%
Remain neutral or silent • 25%
Support BHP's efforts • 25%
Offer accepted • 33%
Offer rejected • 33%
Counteroffer proposed • 34%
Share price remains below offer • 25%
Share price matches offer • 25%
Share price exceeds offer by less than 5% • 25%
Share price exceeds offer by 5% or more • 25%
Significantly strengthen • 25%
Slightly strengthen • 25%
No significant change • 25%
Weaken • 25%
Increase • 50%
Decrease • 50%
Support final offer • 33%
Oppose final offer • 33%
Request further revision • 34%
Bid accepted • 33%
Bid rejected • 33%
Bid revised and pending • 34%
Takeover Accepted • 33%
Takeover Rejected • 33%
Negotiations Extended • 34%