Anglo American Confirms It Got Non-Binding Offer From BHP
(Bloomberg) -- Anglo American Plc said it is has received an unsolicited non-binding combination proposal from BHP Group.
Most Read from Bloomberg
Biden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll Shows
Malaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest City
Zuckerberg Asks for Patience as Meta’s AI Push Spooks Investors
The company issued a statement after Bloomberg reported that BHP, the world’s biggest miner, was considering a potential takeover offer for Anglo.
Read: BHP Is Said to Weigh Potential Takeover of Anglo American
The proposal comprises an all-share offer for Anglo American by BHP and would be preceded by separate demergers by Anglo American of its entire shareholdings in Anglo American Platinum Ltd. and Kumba Iron Ore Ltd. to Anglo American shareholders, Anglo said.
Most Read from Bloomberg Businessweek
A Hedge Fund Billionaire’s Cash Helped Fund a ‘Predatory’ Lender
Big Junk Food’s Campaign to Get You Eating Doritos and Oreos for Dinner
Studio Behind Dune Eyes Growth, Even Without a Paramount Merger
How a Massive Hack of Psychotherapy Records Revealed a Nation’s Secrets
Pharma Startup Uses AI to Test Old Drugs to Treat Rare Diseases
©2024 Bloomberg L.P.