Loading...
Market
What will be the financial outcome of Anglo American's new strategy by May 2025?
3
Resolution / Starting Odds
Significant profit increase • 33%
Moderate profit increase • 33%
Profit remains static or decreases • 34%
Annual financial reports, press releases
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.
View original story
Similar markets
Significantly strengthen • 25%
Slightly strengthen • 25%
No significant change • 25%
Weaken • 25%
Increase • 50%
Decrease • 50%
Copper mining • 50%
Other energy transition metals • 50%
Fully Demerged • 33%
Partially Demerged • 33%
Not Demerged • 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%