BHP May 2024 27.500 call
| Previous Close | 31.00 |
| Open | 31.00 |
| Bid | 28.50 |
| Ask | 30.50 |
| Strike | 27.50 |
| Expire Date | 2024-05-17 |
| Day's Range | 31.00 - 31.00 |
| Contract Range | N/A |
| Volume | |
| Open Interest | N/A |
Evening StandardFTSE 100 Live 22 May: Shares close down as inflation makes June rate cut unlikely, Anglo rejects fresh BHP bid
Higher-than expected UK inflation figures disappointed the City today, with shares closing down as the 2.3% Consumer Price Index reading dashed hopes of a June interest rate cut. Meanwhile, profits surged at M&S in the latest sign of its recovery, while British Land and Severn Trent also reported their results. There was also a fresh twist in the bid saga over Anglo American, as it rejecved a £38 billion offer from BHP but said it would continue to engage with the Australian giant.
The GuardianAnglo American rejects third and ‘final’ BHP takeover approach
Australian firm’s latest unsuccessful bid values rival at £38.6bn with an offer of £31.11 a share
ReutersAnglo leaves door open to engage with BHP after spurning third offer
LONDON (Reuters) -Anglo American has agreed to a one-week extension for BHP Group to make a binding takeover offer, it said on Wednesday, after rejecting a third proposal from its rival that valued it at 38.6 billion pounds ($49.18 billion). BHP, the world's biggest listed mining group, has now made three unsuccessful offers in a month for Anglo, which has itself outlined a plan to divest its less profitable coal, nickel, diamond and platinum businesses. The structure of any deal and the fate of Anglo's businesses in South Africa remain big obstacles, with Anglo chairman Stuart Chambers highlighting concerns about completion and execution risks in BHP's proposal.
