Coal buyers hope BHP’s ambitious bid fails
If there’s one group that hopes BHP does not buy Anglo American, it’s the investors already sizing up the latter’s lucrative metallurgical coal mining portfolio.
If there’s one group that hopes BHP does not buy Anglo American, it’s the investors already sizing up the latter’s lucrative metallurgical coal mining portfolio.
There’s a number of Anglo investors who believe the land grab for ‘red gold’ gives the miner a powerful bargaining chip.
BHP’s insistence that Anglo American shed its South African assets is the key sticking point to a deal, but 1800 office workers and a 320-year-old winery also play a role.
Anglo is no longer quibbling about the value of BHP’s offer for its shares. A friendly deal now hangs on whether agreement can be reached on its structure.
The board and shareholders of Anglo American should rush to accept BHP’s offer, but only after screwing a little more out of the Big Australian.
The fate of a $74bn mining merger now hangs on the future of two South African miners. So who will give ground?
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Mining giant BHP has one week to woo Anglo American, which has agreed to talks after rejecting its persistent suitor’s latest ‘final’ near-$74bn takeover bid.
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Don Argus says Anglo American ‘does not warrant’ a higher bid, and the Anglo board should come to their senses and begin talks with his successor at the Australian mining giant.
As the deadline approaches on the mega merger, the Australian giant’s CEO is mulling a new path to save his $64bn deal.
Fold, double down, or stand pat: these are the choices facing BHP boss Mike Henry in the mining giant’s standoff with Anglo American.
Forget Chilean copper, the real opportunity for Australian shareholders is in Anglo’s fire sale of its Queensland coal mines.
BHP has seven days to decide whether to put up or shut up on its Anglo bid. But does that mean the game is over if BHP walks away?
BHP may have the popular vote behind it, but Anglo American’s strategy is to run down the clock.
Aussie stocks lifted on Wednesday on the back of a mining rally fuelled by bourse heavyweight BHP.
BHP boss Mike Henry has thrown down the gauntlet to Anglo American shareholders, signalling BHP will abandon its takeover bid unless Anglo’s board negotiates.
A conga line of bidders will now line up for parts of Anglo American, the London miner that rejected BHP’s $64bn bid and is now moving forward with its own break-up plan.
Original URL: https://www.theaustralian.com.au/topics/bhp-group-limited/page/8