LONDON — U.K.-based mining giant Anglo American has rejected a 31 billion pound takeover offer from BHP Group, saying it significantly undervalues the company and its growth potential.
Anglo said in a statement to the London Stock Exchange that the BHP proposal is “opportunistic” and “fails to value” the company's prospects. Analysts said Anglo, which has big copper plants in Chile and Peru and also owns a majority stake in the world-famous De Beers diamond company, remains vulnerable to a higher takeover approach from BHP.
They bought Nvidia stock before the hype. It's paid for cars, vacations, and a deposit on a dream home.
BHP Group London Stock Exchange Copper Miner Takeover Offer Takeover Approach
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mining giant BHP Billiton makes $39 billion bid for Anglo American to expand copper operationsLONDON (AP) — Shares in U.K.-based mining giant Anglo American surged Thursday after it received a 31 billion-pound ($39 billion) takeover approach from...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Mining giant BHP Billiton makes $39 billion bid for Anglo American to expand copper operationsLONDON (AP) — Shares in U.K.
Source: SooToday - 🏆 8. / 85 Read more »
Anglo American rejects rival miner BHP’s US$39-billion takeover proposalAnglo said the bid significantly undervalued the London-listed miner and its future prospects
Source: globeandmail - 🏆 5. / 92 Read more »
Anglo American does not find BHP $39 billion offer attractive, sources sayExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »
BHP Group makes takeover offer for Anglo American valued at US$39 billionTORONTO — Mining company BHP Group Ltd. says it has make a takeover offer for Anglo American plc. worth about US$39 billion. BHP says the combined company...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
BHP Targets Anglo in Bid Valuing Miner at $39 Billion(Bloomberg) -- BHP Group Ltd. proposed a takeover of Anglo American Plc that values the smaller miner at £31.1 billion ($38.9 billion), in a deal that would ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »