Mining giant BHP makes $39 billion bid for Anglo American.
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GUEST - David Shapiro, chief investment strategist at Sasfin Wealth
The world’s largest mining company, BHP Group, has made a takeover approach for rival Anglo American, a move that could spark the biggest shakeup in the industry in over a decade. Anglo American said late on Wednesday that it had received an unsolicited all-share merger proposal, after several media platforms reported that BHP was considering a potential offer. Anglo added BHP’s proposal was conditional on the company first splitting off its South African platinum and iron ore units.
The world’s largest mining company, BHP Group, has made a takeover approach for rival Anglo American, a move that could spark the biggest shakeup in the industry in over a decade. Anglo American said late on Wednesday that it had received an unsolicited all-share merger proposal, after several media platforms reported that BHP was considering a potential offer. Anglo added BHP’s proposal was conditional on the company first splitting off its South African platinum and iron ore units.
