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BHP’s complex bid for Anglo American is a bet on the future

After years of shrinking to greatness, BHP boss Mike Henry is eyeing a deal that could deliver a triple victory. But it’s complex, and possibly risky.

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After years of simplification and shrinking to greatness, BHP is set to embark on the deal equivalent of a somersault with a double pike.

That’s not to say that a £31.1 billion ($60 billion) bid for Anglo American doesn’t make sense.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/chanticleer/bhp-s-complex-bid-for-anglo-american-is-a-bet-on-the-future-20240425-p5fmj0