BHP Jan 2026 42.500 put
- Investing.com
Shares in BHP touch three-month high as deadline for Anglo bid nears
Investing.com -- Shares in BHP Group (ASX:BHP) reached a three-month high in Australian trading on Tuesday as the deadline approached for the world's largest miner to sumbit a new formal bid for rival Anglo American (JO:AGLJ).
- Reuters
BHP shares hit 3-month high as deadline for formal Anglo bid looms
PERTH (Reuters) -Shares of BHP Group touched a three-month high on Tuesday about 36 hours ahead of a deadline to lodge a formal bid for rival miner Anglo American, which last week rejected a sweetened $43 billion takeover proposal. The world's largest listed miner's shares are benefiting from good news including fresh stimulus for China's property sector, copper prices reaching record highs and a growing view that BHP will not make another tilt at Anglo, according to Andy Forster, senior investment officer at Argo Investments, a BHP shareholder. Under UK takeover rules, BHP has until 1600 GMT on Wednesday to make a binding bid for Anglo American or it will be forced to walk away for at least six months.
