BHP shareholders see room for one more sweetened Anglo bid

Shareholders in BHP Group Ltd. and takeover target Anglo American Plc expect the world’s largest miner to come back with a third and improved proposal before a regulatory deadline next week, even after the smaller company laid out a bold restructuring plan of its own on Tuesday.

BHP has said it will remain disciplined in its pursuit and the market is signaling at least some investors remain skeptical, with Anglo American shares trading around £26.40 in the London morning — well below the latest bid, equivalent to £27.53 per share., some of whom declined to be named as they are not authorized to speak to the media, said there was still likely to be some room for a sweetened offer before a May 22 cut-off.

In remarks to a mining conference this week, BHP chief executive officer Mike Henry argued shareholders should now determine which of the two teams had a better chance of delivering the overhaul, signaling he would not yet cede.

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BHP shares slide over 4% after $39 bln Anglo American bidBHP shares slide over 4% after $39 bln Anglo American bid
Source: Investingcom - 🏆 450. / 53 Read more »

BHP bids $39 bln for Anglo American as miners chase copperBHP Group bid $38.8 billion for Anglo American on Thursday, offering a deal to forge the world's biggest copper miner and driving its smaller rival's shares 16% higher.
Source: Reuters - 🏆 2. / 97 Read more »

Anglo American rejects BHP's $39 billion takeover bid to form mining juggernautMining giant Anglo American on Friday rejected a takeover bid from rival BHP Group, saying the offer “significantly undervalues” the company and…
Source: NBCDFW - 🏆 288. / 63 Read more »

Mining giant Anglo-American rejects BHP's $39 billion takeover offer, says it's 'opportunistic'U.K.-based mining giant Anglo American has rejected a 31 billion pound ($39 billion) takeover offer from BHP Group, saying it significantly undervalues the company and its growth potential. Anglo American said Friday that its board unanimously rejected the bid from BHP, which was announced a day earlier.
Source: AP - 🏆 728. / 51 Read more »

Anglo American rejects “opportunistic” $39bn takeover bid from BHPNo 1 source of global mining news and opinion
Source: mining - 🏆 449. / 53 Read more »

South Africa minister signals opposition to BHP-Anglo dealNo 1 source of global mining news and opinion
Source: mining - 🏆 449. / 53 Read more »