BHP’s rivals for Anglo American set to emerge
The UK-listed miner has rejected an approach from BHP, but other major miners including Rio Tinto could announce a competing bid.
BHP’s unsolicited £31 billion ($59 billion) takeover approach for Anglo American has shaken up the mining industry, provoking speculation that the storied company is ripe to be sold or broken up.
Anglo rejected the preliminary offer on Friday as “highly unattractive”, but investors expect BHP to return with an improved deal or for a rival to emerge with a competing bid.
Financial Times
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