Previous Close | 28.80 |
Open | 28.80 |
Bid | 22.70 |
Ask | 27.00 |
Strike | 90.00 |
Expire Date | 2025-01-17 |
Day's Range | 28.80 - 28.80 |
Contract Range | N/A |
Volume | |
Open Interest | 111 |
Fed officials on rate cuts, stalling home sales, Anglo American warms to BHP deal and other news to start your day.
(Bloomberg) -- Shareholders in BHP Group say they see the world’s largest miner moving one step closer to a $49 billion takeover, after Anglo American Plc rejected a third approach but agreed to talks and granted its suitor an extra week to commit to a binding bid.Most Read from BloombergNvidia Stock Surges as Sales Forecast Delivers on AI HopesThese Flight Routes Suffer the World’s Worst TurbulenceCiti Trader Got 711 Warning Messages Before Sparking Flash CrashHarvard Denies Degrees to 13 Prote
Anglo American (JO:AGLJ) rejected a third bid from rival BHP Group (NYSE:BHP), but Anglo agreeing to a one-week extension for a binding takeover offer, is encouraging, according to Jefferies, suggesting a deal is now more likely. BHP, the world's biggest listed mining group, now has until May 29, after the one-week extension, to make a firm bid for Anglo American or it will be forced to walk away for at least six months under the UK's takeover rules. “Our base case now is that discussions between BHP and Anglo will lead to a recommended deal,” said analysts at Jefferies, in a note dated May 22.