BHP's improved offer would lift the number of shares that would be given to Anglo investors. Photo: William WEST / AFP/FileAustralian mining giant BHP revealed Monday that British rival Anglo American has rejected an"improved" takeover bid worth £34 billion as it aims to create a copper titan.
The latest offer would increase Anglo's share of the new combined group to 16.6 percent, up from 14.8 percent previously. Anglo's stock has been boosted since the initial approach as traders bet on a possible bidding war with other mining giants like Glencore or Rio Tinto.
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After BHP, is Glencore tempted to take on Anglo American?The commodities giant, Glencore, is reportedly interested in taking over Anglo American. On 24 April, the British mining company rejected an offer from Australia’s BHP.
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BHP says its bid for Anglo American is ‘not a reflection on SA’It wants all of Anglo, just not its South African assets, which many have read as a vote against the country.
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Mining giant BHP bids $39bn for Anglo American; not its African assetsAustralian mining group BHP has proposed a $39bn takeover of its British rival Anglo American. But on one condition: the deal must be preceded by the sale of iron and platinum assets in southern Africa.
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