Anglo American does not find BHP $39 bln offer attractive, sources say [Reuters]
BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP)
US:NYSE Investor Relations:
bhp.com/investor-centre
Company Research
Source: Reuters
REUTERS/Siphiwe Sibeko//File Photo LONDON, April 25 (Reuters) - Anglo American does not consider a proposed $39 billion takeover offer from BHP Group as attractive, two sources told Reuters, as some large investors dismissed it as opportunistic. BHP on Thursday offered 25.08 pounds ($31.39) per share, or $38.8 billion, a premium of 31% to the market close on Wednesday. It would take over Anglo after a spin-off of two assets. 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. BHP has until May 22 to come back with a binding bid, but Anglo's board will give a formal response in the coming days. For now, Anglo, which has a market value of $36.7 billion, said it would be reviewing the offer, without elaborating. The proposed tie-up would create a group with around one tenth of the global output of copper, whic
Show less
Read more
Impact Snapshot
Event Time:
BHP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BHP alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BHP alerts
High impacting BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) news events
Weekly update
A roundup of the hottest topics
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