BHP's Surprise Bid for Anglo American Fails

BHP Groups Surprise Bid for Anglo American: A Last-Ditch Effort for Copper MinesLast Thursday, BHP Group, the worlds largest mining company, made a sudden offer to acquire Anglo American, a major rival, just three days before Anglo Americans proposed merger with Teck Resources. BHPs proposal was reportedly a last-ditch effort to secure Anglo Americans valuable copper mines, which BHP has long desired. The offer included a mix of shares and cash, aiming to be more attractive than the existing zero-premium deal between Anglo American and Teck. However, Anglo American quickly rejected BHPs offer, deciding that the merger with Teck Resources remained its best option. BHP, having learned from its past public rejection, decided to walk away immediately, stating that a deal would only work if Anglo American was interested from the start.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.