BHP Jul 2024 52.500 put
| Previous close | 0.3900 |
| Open | 0.3300 |
| Bid | 0.2500 |
| Ask | 0.3500 |
| Strike | 52.50 |
| Expiry date | 2024-07-19 |
| Day's range | 0.3200 - 0.3300 |
| Contract range | N/A |
| Volume | |
| Open interest | 95 |
ReutersBHP needs to bid about 32 pounds a share for Anglo, JPMorgan says
BHP Group would need to boost its latest offer around 30% to reflect fair value for Anglo American and its key copper assets, JPMorgan analysts said in a note. They raised their price target for London-listed Anglo to 27.75 pounds a share after reexamining the value of its copper assets, and said the discount for the shares to the implied value of BHP's offer was at its greatest level, implying the market sees a deal as unlikely. Under UK takeover rules BHP must make a firm offer by May 22, or walk away.
ReutersAnglo American has sought fertiliser partners for months, says CEO
Anglo American has been looking for partners for its fertiliser project in North Yorkshire for around six months, Chief Executive Duncan Wanblad told Reuters, reiterating the business will be one of three pillars of the revamped miner, even as work there stalls. The London-listed miner outlined a radical plan on Tuesday to shrink by divesting less profitable coal, nickel, diamond and platinum businesses, as it moves to fend off BHP Group's $43 billion takeover offer. "We have been in the market looking for partners for the better part of six months now and we have to stall to get the partners to the point where they are prepared to invest," Wanblad said in an interview with Reuters on Thursday.
BloombergBHP Shareholders See Room for One More Sweetened Anglo Bid
(Bloomberg) -- Shareholders in BHP Group Ltd. and takeover target Anglo American Plc expect the world’s largest miner to come back with a third and improved proposal before a regulatory deadline next week, even after the smaller company laid out a bold restructuring plan of its own on Tuesday.Most Read from BloombergChina Considers Government Buying of Unsold Homes to Save Property MarketSlovak Premier Fighting for Life After Assassination AttemptHow One of the World's Oldest Hedge Funds Went Ba
