Analysts said the bid needs to be more than £40bn to tempt Anglo to accept the deal. A bidding war could push the valuation higher.
The UK-listed miner has rejected an approach from BHP, but other bidders could emerge
Presidency 'rejects' narrative on BHP, Anglo American proposed deal
Company’s exit would deal another blow to City’s status as home to listed mining groups
The De Beers owner is a longstanding jewel in the African' state’s economic crown – it would be a ‘big blow’ to see it sold off
City grandee Stuart Chambers is under fire as yet another British business he leads is at risk of being sold off to a foreign predator.
The 107-year-old South African mining group, long resistant to change, has now rejected a takeover offer from BHP
Anglo American rejected a $39 billion takeover proposal from rival BHP, setting the stage for a potential bidding war.
The four top mining stories for Friday include updates on Anglo American, Hycroft Mining and more.
Elliott Management has invested $1 billion in Anglo American, adding pressure to the mining company amid a takeover bid from BHP Group.
UK-listed company says Australian miner’s takeover approach ‘significantly undervalues’ it
Mining giant Anglo American has rejected BHP Group’s £31.1bn proposal after it concluded the plan would undervalue its future prospects. The talk of a potential mega-deal between BHP and London-listed miner Anglo American had the mining…
The FTSE 100 finished up 60.97 at 8139.83 - a new closing record high. It also hit a new intraday record of 8,146.79 earlier in the session.
Reliance And Newmont Report Q1 Financial Results; BHP Proposes Acquisition Of Anglo American And More: Thursday's Top Mining Stories
"The BHP proposal is opportunistic and fails to value Anglo American's prospects," the board chair said.
Elliott Management has built a roughly $1 billion stake in miner Anglo American in recent months, a person familiar with the matter told CNBC.