BHP makes R570 billion bid for Anglo
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LONDON (Reuters) -Anglo American's management does not consider a proposed $39 billion takeover offer from BHP Group as attractive, two sources told Reuters, as some investors and analysts dismissed it as opportunistic. BHP on Thursday offered Anglo's shareholders 25.08 pounds ($31.39) per share, or $38.8 billion, a premium of 31% to the market close on Wednesday. Speaking on condition of anonymity because the matter is private, one of the sources said the offer did not address the complexities of demerging the Anglo American Platinum and Kumba Iron Ore businesses in South Africa.
International Business: BHP Group makes $38 8 bln play for Anglo American, copper in focus
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International Business: BHP Group makes $38 8 bln play for Anglo American, copper in focus
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