The market is tipping BHP can come back with a higher offer, as it moves to acquire more copper assets. But first, Anglo American will face its own shareholders.
Anglo American rejects BHP s £31 billion takeover deal rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.
(Reuters) -BHP Group shares fell 4% on Friday a day after revealing a $38.8 billion bid for Anglo American as investors feared a deal could erode BHP's profitability especially if it has to sweeten its offer. The company's Australian stock did not trade on Thursday as the Australian share market was closed for a holiday. Questions about jurisdictional risks in South Africa and other regions, and concerns that Anglo American's businesses are lower margin than BHP's led to a share sell off, said RBC analyst Kaan Peker in Sydney.
Anglo American rejects BHP s $39 bln takeover proposal cnbcafrica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cnbcafrica.com Daily Mail and Mail on Sunday newspapers.
Anglo American rejects BHP's $39 billion takeover proposal By Melanie Burton and Clara Denina MELBOURNE/LONDON (Reuters) -Anglo American rejected rival miner BHP Group's 31.1 billion pound ($39 billion) takeover proposal on Friday, saying the bid significantly undervalued the London-listed miner and its future prospects. "The BHP proposal is opportunistic and…