Anglo American: Assessing BHP Group's Proposal [Seeking Alpha]
BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP)
US:NYSE Investor Relations:
bhp.com/investor-centre
Company Research
Source: Seeking Alpha
We think the price offered presents solid multiples, which would at least attract the interest of Anglo's board and shareholders. However, public sector and civil society influence could stall proceedings. Moreover, a large Anglo American investor has stated its dissatisfaction with the offer. Reports of a De Beers sale comes as no surprise, given the Botswana government's push for control of Debswana. The market's reaction tells us a merger arbitrage opportunity has left the building; therefore, we urge caution. "Patience, and the mulberry leaf becomes a silk gown." - Chinese Proverb. BHP Group Limited NYSE: BHP , BHPLF) has shocked the mining world by moving to acquire Anglo American plc ( OTCQX:AAUKF Now, many of you might ask what the quote at the top of the page has to do with the topic at hand. Well, the quote is partially because it is the end of the month, and I feel animated. However, it also speaks volumes in this instance, as mining M&A activity is a complex phen
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BHP
News
- Brazil Wants Vale's Next CEO to Have Closer Ties With Government [Yahoo! Finance]Yahoo! Finance
- Brazil Wants Vale's Next CEO to Have Closer Ties With Government [BNN Bloomberg (Canada)]BNN Bloomberg
- BHP's Biggest Rivals Sit on the Sidelines of Anglo M&A Drama [Yahoo! Finance]Yahoo! Finance
- BHP's Biggest Rivals Sit on the Sidelines of Anglo M&A Drama [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Anglo CEO meets S.Africa mines minister after BHP's takeover proposal [Reuters]Reuters
BHP
Sec Filings
- 5/2/24 - Form 6-K
- 4/29/24 - Form 6-K
- 4/25/24 - Form 6-K
- BHP's page on the SEC website