BHP May 2024 100.000 call
| Previous Close | 0.2000 |
| Open | 0.2000 |
| Bid | 0.0000 |
| Ask | 0.1500 |
| Strike | 100.00 |
| Expire Date | 2024-05-17 |
| Day's Range | 0.2000 - 0.2000 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 243 |
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 rejects BHP's third offer, but leaves door open to engage with rival
LONDON (Reuters) -Anglo American on Wednesday rejected a third takeover proposal from BHP Group that valued the company at 38.6 billion pounds ($49.18 billion), but agreed to a one-week extension for its rival to table a binding offer. The move marks the third unsuccessful offer in a month from BHP, the world's biggest listed mining group, as Anglo works on a radical plan to divest its less profitable coal, nickel, diamond and platinum businesses. The 29.34 pounds per share approach, based on undisturbed share prices at market close on April 23 and raised from an initial 25.08 pounds, is still conditional on Anglo un-bundling its platinum and iron ore assets in South Africa, the country where it was founded and has deep roots, employing more than 40,000 people.
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.
