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Market
Major mining companies' reactions to BHP-Anglo takeover news
4
Resolution / Starting Odds
Announce support for Anglo American • 25%
Express interest in bidding for Anglo American • 25%
Remain neutral or silent • 25%
Support BHP's efforts • 25%
Company announcements, verified news sources
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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Increase • 50%
Decrease • 50%
Bid accepted • 33%
Bid rejected • 33%
Bid revised and pending • 34%
Successful • 33%
Unsuccessful • 33%
Pending • 34%
Stock price rises • 25%
Stock price falls • 25%
Stock price remains stable • 25%
Stock becomes volatile • 25%
Takeover Accepted • 33%
Takeover Rejected • 33%
Negotiations Extended • 34%
Offer accepted • 33%
Offer rejected • 33%
Counteroffer proposed • 34%
