Rolling coverage of the latest economic and financial news
Shares in Anglo American are basically flat at the start of trading in London.
They’re trading at £25.57, (having closed at £25.60 last night), still above BHP’s now-rejected offer of £25.08 each.
“I am a bit surprised that the deal is not an agreed deal. It likely means BHP will need to offer more to win over shareholders and management and risks creating unhelpful animosity.
“The deal is complicated in that Anglo has a complicated structure with a number of moving parts like AngloPlats, Kumba and De Beers. It’s not clear how BHP adds value to the deal if it is required to offer considerably more.”
Continue reading…Rolling coverage of the latest economic and financial newsBHP’s takeover bid for Anglo American is clever but far too lowShares in Anglo American are basically flat at the start of trading in London.They’re trading at £25.57, (having closed at £25.60 last night), still above BHP’s now-rejected offer of £25.08 each.“I am a bit surprised that the deal is not an agreed deal. It likely means BHP will need to offer more to win over shareholders and management and risks creating unhelpful animosity.“The deal is complicated in that Anglo has a complicated structure with a number of moving parts like AngloPlats, Kumba and De Beers. It’s not clear how BHP adds value to the deal if it is required to offer considerably more.” Continue reading…
