Breaking news.MEGA TAKEOVER OFFER
BHP Makes Offer for Rival Anglo American in Potential Mining Mega Deal
25/04/2024 12:14PM By Ben Otto and David Winning
Mining giant BHP has offered to buy Anglo American, a long-time rival with a market capitalization of about $35 billion, in a potential megadeal that could reshape the global mining industry.
Anglo American said Thursday that it had received an unsolicited, non-binding combination proposal from BHP. The proposal, which Anglo American called highly conditional, comprises an all-share offer for Anglo American.
Anglo American said its board is currently reviewing the proposal with advisers.
Write to Ben Otto at [email protected]
(END) Dow Jones Newswires
April 24, 2024 22:14 ET (02:14 GMT)
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