CRIT - What's Going On With Mining Giant BHP Stock Tuesday? | Benzinga
BHP Group Limited (NYSE:BHP) surged to a three-month peak on Tuesday, just hours before the deadline to submit a formal bid for competitor Anglo American Plc (OTC:AAUKF).
According to Benzinga Pro, BHP stock has gained 6% in past three months.
Last week, Anglo American turned down BHP’s improved $43 billion acquisition offer.
Under UK takeover regulations, BHP must submit a binding bid for Anglo American by 1600 GMT on Wednesday or face a mandatory six-month abstention period, Reuters reported.
However, if an agreement is reached before the deadline, an extension can be negotiated, ...