Mining giant BHP Billiton makes $39 billion bid for Anglo American to expand copper operations

giant Anglo American surged Thursday after it received a 31 billion-pound takeover approach from rival BHP Billiton, a deal that would create the world’s biggest copper miner , with around 10% of global output — a hugely lucrative market in the transition to clean energy.

BHP added that following any deal, Anglo’s other “high quality operations, including its diamond business” would be subject to a strategic review. However, he said other companies may look to buy Anglo American themselves, especially if the company's shareholders hold out for a higher price.Toronto-Dominion Bank is one stock I reversed course on in a big way. The post TD Stock: Why I Reversed Course appeared first on The Motley Fool Canada.

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Analysis-BHP's proposed bid for Anglo American is a big bet on copperBHP Group's proposed $39 billion buyout of Anglo American is a big bet on copper that could spark a scramble for mining assets as a bullish demand outlook...
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