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BHP turns Anglo pursuit into $64b chess game

BHP has bid against itself and disclosed it, in an effort to put pressure on the London-listed miner. The next move is Anglo’s, and only hours away.

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BHP is out to burst Anglo American’s bubble.

Yes, BHP has a big balance sheet. Yes, the Australian mining giant very much wants to buy Anglo’s copper/met coal assets. And yes, it is still hot to trot despite Anglo’s unwillingness to engage.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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    Original URL: https://www.afr.com/chanticleer/bhp-turns-anglo-american-pursuit-into-64b-game-of-m-and-a-chess-20240514-p5jdf4