The expectation now is that BHP may boost its offer, or other buyers for Anglo, or parts of its diversified portfolio, may emerge. — Reuters
BHP Group’s proposed takeover of rival miner Anglo American is one of those rare instances where a mega-merger actually makes strong business sense, but it will be difficult to pull off to the satisfaction of all parties.
BHP, the world’s largest mining company, offered US$39bil last week to buy Anglo, a move the London-listed miner that grew out of South Africa rejected as “significantly” undervalued.
