BHP - BHP Shareholders Anticipate Final Bid For Anglo American As Deadline Nears | Benzinga
BHP's (NYSE:BHP) shareholders anticipate one final bid enhancement in the ongoing pursuit of Anglo American (OTC:AAUKF), as the regulatory deadline looms. So far, Anglo American rejected two successive all-share propositions, opting instead for an expedited restructuring initiative that would see it focus on copper and iron ore.
Anglo’s refusal of BHP’s all-share offers, which included spinning off listed South African businesses, has led to skepticism among investors. Despite Anglo’s strategic moves, its shares continue to trade below the latest implied bid price per share, signaling doubt within the market.
Anonymous sources from both BHP and Anglo American, spoke with Bloomberg, expressing confidence in the likelihood of a third bid before the May 22 deadline. Analysts seem to agree ...