Anglo American does not find BHP $39bn offer attractive miningweekly.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miningweekly.com Daily Mail and Mail on Sunday newspapers.
South Dakota Investment Council lowered its stake in shares of Lennar Co. (NYSE:LEN – Free Report) by 31.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 7,215 shares of the construction company’s stock after selling 3,300 shares during the quarter. South Dakota Investment Council’s holdings in Lennar were worth $1,075,000 as of its […]
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.