(Bloomberg) -- Anglo American Plc said it is has received an unsolicited non-binding combination proposal from BHP Group.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsTaylor Swift Is Proof That How We Critique Music Is BrokenTech Giants Hit in Late Hours After Meta’s Outlook: Markets WrapMeta Projects Higher Spending in Deeper Push Into AIBiden’s New Chopper Is Demoted After Scorching White House LawnThe company issued a statement after Bloomber
(Bloomberg) -- BHP Group Ltd. has approached Anglo American Plc about buying the 107-year-old mining company in what could rank as this year’s biggest deal.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsTaylor Swift Is Proof That How We Critique Music Is BrokenTech Giants Hit in Late Hours After Meta’s Outlook: Markets WrapMeta Projects Higher Spending in Deeper Push Into AIBiden’s New Chopper Is Demoted After Scorching White House LawnAnglo Amer
(Reuters) -British multinational miner Anglo American said on Thursday it "received an unsolicited, non-binding and highly conditional combination proposal" from global mining giant BHP Group. London-listed Anglo American, which owns 85% of De Beers diamond business, had a market capitalisation of $36.71 billion as of Wednesday's close, according to LSEG data. In a statement, Anglo American said its board was reviewing the all-stock buyout proposal from BHP.