(Bloomberg) -- BHP Group Ltd. proposed a takeover of Anglo American Plc that valued the smaller miner at £31.1 billion ($38.9 billion), in a deal that would create the world’s top copper producer while sparking the industry’s biggest shakeup in over a decade.Most Read from BloombergMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsZuckerberg Asks for Patience as Meta’s AI Push Spooks InvestorsHow to
The deal highlights the strengthening demand for metals such as copper in artificial intelligence and electric vehicles.
(Bloomberg) -- Traders are pushing Anglo American Plc shares above the value of BHP Group Ltd.’s takeover proposal, a sign they expect a higher bid from the suitor or an interloper. Most Read from BloombergMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsZuckerberg Asks for Patience as Meta’s AI Push Spooks InvestorsHow to Get a Meeting With the UAE’s $1.5 Trillion ManMeta’s Miss Sparks Fears in Te