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BHP eyes Anglo American for copper growth
Following the news in April that BHP made an all-share offer for Anglo American which valued the company at US$40.7 billion, BHP has made a revised offer to acquire Anglo American in a deal valued at US$42.7 billion on 7th May. However, Anglo American has rejected the revised offer, claiming it undervalues their company and that the proposed structure places execution risk on Anglo American shareholders. This news comes following Anglo American suffering a confluence of lower prices, disruptions to its South African operations and technical issues in 2023. Most will roll on to hit earnings in 2024 and its market ... (full story)