BHP May 2024 62.500 call
| Previous Close | 0.1000 |
| Open | 0.1400 |
| Bid | 0.0000 |
| Ask | 0.0500 |
| Strike | 62.50 |
| Expire Date | 2024-05-17 |
| Day's Range | 0.0100 - 0.1400 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 1.7k |
The GuardianAnglo American rejects BHP’s third takeover offer of £38.6bn
Australian firm says £31.11 a share is its final offer, but FTSE 100 miner agrees to enter talks with larger rival
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.
ReutersBHP-Anglo prospects flag more M&A ahead for miners
BHP's bid for Anglo American underlines the growing appetite for energy transition metals like copper from miners who must become more aggressive to secure new projects or risk missing out, investors and mining CEOs said on Wednesday. "There is clearly a preference for buying over building because costs have ramped up so much in the past few years," said Ben Cleary of Tribeca Investment Partners, which is an investor in Anglo American. Instead, Anglo has pledged to break up its company to lower costs.
