Showing results for "Anglo Platinum"
markets
Elliott Takes $1 Billion Anglo American Stake While Shorting BHPElliott Investment Management has built a roughly $1 billion stake in Anglo American Plc while betting against the stock of BHP Group Ltd., the Australian miner that’s made an unsolicited takeover approach to Anglo American.April 26, 2024
markets
BHP-Anglo Bid Premium to Climb: Mining AnalystBen Davis, mining analyst at Liberum, comments on Anglo American Plc’s widely-expected rejection of a $39 billion takeover proposal from BHP Group. Analysts and some Anglo investors had seen BHP’s proposal as well below the sort of price that would bring the 107-year-old miner to the table. “The structure was very unattractive,” Davis tells Bloomberg Television. “They were asked to spin out Kumba [Kumba Iron Ore] and the Anglo platinum [Anglo American Platinum] stake holdings to their shareholdeApril 26, 2024
business
BHP Seeks to Break Mining’s M&A Curse with Thorny Anglo DealThe last time BHP Group took a swing at another major miner, it was Rio Tinto Plc back in 2007. That could have been a blockbuster $150 billion takeover, but with metals prices crashing as the financial crisis took hold and with China signaling its discontent, the plan crumbled.April 26, 2024