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BHP Approaches Rival Miner Anglo American About Takeover [Financial Post (Toronto, Ontario, Canada)]

BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP) 
US:NYSE Investor Relations: bhp.com/investor-centre
Company Research Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — BHP Group Ltd. has approached Anglo American Plc about buying the 107-year-old company in a move that offers to spark the biggest shakeup of the global mining industry in over a decade. Anglo American said late Wednesday that it received an unsolicited all-share merger proposal from the world's biggest miner, after Bloomberg reported that BHP was considering a potential takeover offer. Anglo's board is reviewing the proposal and it cautioned that there is no certainty an offer will be made. Anglo said BHP's proposal was conditional on the company first splitting off its South African platinum and iron ore units. Article content Article content If successful, a takeover would mark a return to large-scale dealmaking for BHP, which has revived its appetite for transformational acquisitions in the past couple of years under Chief Executive Officer M Show less Read more
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