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