BHP Group Limited (BHP)
Pre-Market:
- Associated Press Finance
Mining giant Anglo-American rejects BHP Group's $39 billion takeover offer
U.K.-based mining giant Anglo American has rejected a 31 billion pound ($39 billion) takeover offer from BHP Group, saying it significantly undervalues the company and its growth potential. Anglo American said Friday that its board unanimously rejected the bid from BHP, which was announced a day earlier. The deal would create the world’s largest copper miner as the transition to renewable energy drives demand for the metal.
- Bloomberg
China Could Hinder BHP’s Bid to Become Copper’s Top Producer
(Bloomberg) -- BHP Group Ltd.’s $39-billion bid to create a global copper giant risks irking its biggest customer China, where authorities have a history of intervening to stymie or water down international mergers.Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest Ci
- Bloomberg
BHP Seeks to Break Mining’s M&A Curse with Thorny Anglo Deal
(Bloomberg) -- The last time BHP Group took a swing at another major miner, it was Rio Tinto Plc back in 2007. That could have been a blockbuster $150 billion takeover, but with metals prices crashing as the financial crisis took hold and with China signaling its discontent, the plan crumbled.Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesPlunging Home Prices, Fleeing Companies: Austin’s Glow Is
