BHPLF - BHP Group Walked Away From Anglo Deal
2024-05-31 04:30:15 ET
Summary
- BHP Group has made a strategic acquisition attempt of Anglo American's assets, but the offer has been refused three times.
- BHP Group reported mixed Q3 results, with solid performances in copper and iron ore, but weaker performances in nickel and met coal.
- BHP Group offers investors a better entry price; however, we maintain a neutral valuation on a twelve-month view.
At the Lab, our comprehensive coverage of the mining sector includes BHP Group ( BHP )( OTCPK:BHPLF ), Rio Tinto (RTNTF)(RTPPF), Glencore (GLCNF)(GLNCY), and Anglo American (AAUKF)(NGLOY). Since our last coverage, ' Better Commodity Outlook But Still Pricey ,' BHP has made significant moves. They not only released their Q3 results but also attempted a strategic acquisition of Anglo American's assets. This is a noteworthy event, considering our previous discussions on BHP's M&A Optionality; however, we believe the Anglo American offer proposal is reaching its conclusion....
BHP Group Walked Away From Anglo Deal