BHP Proposes $39 Billion Takeover Over Anglo To Form Copper Mining Giant [zero hedge]
BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP)
US:NYSE Investor Relations:
bhp.com/investor-centre
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Source: zero hedge
BHP Proposes $39 Billion Takeover Over Anglo To Form Copper Mining Giant The world's largest global diversified miner, BHP Group, is making a monster bet on surging future copper demand with the proposed takeover of Anglo American Plc. The bet is based on the thesis that the world's power grids need a major overhaul and that the electrification of the economy will unleash new demand for base metals. This also comes as market observers have warned about an impending shortfall of global copper mining supply. According to Bloomberg , BHP proposed an all-share deal valued at £31.1 billion ($38.9 billion). The transaction depends on Anglo spinning off its South African iron ore and platinum businesses to its shareholders. The offer is conditional and non-binding at £25.08 a share, or about a 14% premium to Anglo's closing share price on Wednesday. Anglo shares in London jumped 13% to £24.89, giving the company a market capitalization of about £30.5 billion. BHP's proposed acquisition of An
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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