Previous Close | 1.1300 |
Open | 1.1300 |
Bid | 0.0000 |
Ask | 2.0500 |
Strike | 32.50 |
Expire Date | 2026-01-16 |
Day's Range | 1.1300 - 1.1300 |
Contract Range | N/A |
Volume | |
Open Interest | 70 |
(Bloomberg) -- Anglo American Plc rebuffed a sweetened takeover offer from BHP Group Ltd. that valued it at about £34 billion ($43 billion), leaving it up to the Australian miner to make a better bid or lose out on what could be the industry’s biggest deal in a decade. Most Read from BloombergTrump Vows ‘Day One’ Executive Order Targeting Offshore WindChina to Start $138 Billion Bond Sale on Friday to Boost EconomyPutin Names Economist as Defense Minister in Surprise ReshuffleGlobal Chips Battle
Australian company says FTSE 100-listed group’s board did not engage with its all-share approach
BHP Group said on Monday that Anglo American had rejected a revised buyout offer valuing the company at 34 billion pounds ($42.67 billion). Anglo American had in April rebuffed BHP's $39 billion all-share takeover proposal, saying it was opportunistic and significantly undervalued its prospects. The new offer is 10% higher than BHP's first one, or a 15% increase in the merger exchange ratio, lifting Anglo American shareholders' aggregate ownership in the combined group to 16.6% from 14.8% in the earlier proposal, it said.