PTIN - World's Largest Miner BHP Bids To Takeover Anglo American As Hunt For Resources Intensify | Benzinga
BHP Group Ltd (NYSE:BHP), the world’s largest mining company, has initiated a bid to acquire rival Anglo American Plc (OTC:AAUKF) (OTC:NGLOY), potentially triggering significant upheaval in the industry after years of dormancy.
Anglo American, valued at £27 billion ($34 billion), disclosed that it had received an unsolicited merger proposal in the form of a stock exchange offer.
The proposed merger is contingent on Anglo divesting its South African platinum and iron ore units.
If successful, this deal would signify a resurgence in large-scale transactions for BHP, which, under CEO Mike Henry, has rekindled its appetite for transformative acquisitions in recent ...