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Market
Impact of Anglo American's new business strategy on market position
4
Resolution / Starting Odds
Significantly strengthen • 25%
Slightly strengthen • 25%
No significant change • 25%
Weaken • 25%
Financial reports, market analysis
Story
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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Significant profit increase • 33%
Moderate profit increase • 33%
Profit remains static or decreases • 34%
Yes • 50%
No • 50%
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Major shareholder support • 33%
Mixed reactions among shareholders • 34%
Major shareholder opposition • 33%
Stock price rises • 25%
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Share price matches offer • 25%
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Share price exceeds offer by 5% or more • 25%
Copper mining • 50%
Other energy transition metals • 50%