it’s a script takeover. Won’t really affect net debt per se, except for the debt they take on from Anglo. Asset sales will likely remove some of it.
If they don’t sell all the unwanted crud (a lot of it in Anglo) then you’ll probably see a spin off into crap co again, just like s32.
Return of liberal government in QLD might make coking coal more appealing to BHP with reduction in royalties potentially. I assume quite a bit of synergies with QLD coking assets with BMA.
Main goal appears to be copper, which I get.
News: BHP Anglo American Says Received An Unsolicited, Non-Binding And Highly Conditional..., page-13
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