Anglo American rejects BHP's takeover bid that 'significantly undervalues' miner

seekingalpha04-26

Anglo American's (OTCQX:AAUKF) board has unanimously rejected BHP's (NYSE:BHP) $39B takeover offer, saying the bid "significantly undervalues" the British miner and its future prospects, and also ...

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BHP's  proposal \"is opportunistic and fails to value Anglo American's  prospects, while significantly diluting the relative value upside participation of Anglo's shareholders relative to BHP's shareholders,\" said Stuart Chambers, chairman of Anglo American. Anglo's U.K.-listed shares slipped 0.5% after the news. BHP's Australia-listed shares had closed 4.6% lower prior to the announcement.  The proposed acquisition would've ranked as one of this year's biggest M&A deals and would've created the world's biggest copp","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4107":"财产与意外伤害保险","BK4588":"碎股","BK4117":"多元化保险","BK4168":"多种金属与采矿","BK7095":"多种金属与采矿","BK7511":"ESG概念","BK7507":"资源股","AAUKF":"Anglo American plc","AFG":"美国金融集团有限公司","BHP":"必和必拓公司","BHP.AU":"BHP GROUP LTD","BK4585":"ETF&股票定投概念"},"translate_title":"英美资源集团拒绝必和必拓“大大低估”矿业公司的收购要约","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAUKF":1,"AFG":1,"BHP":1,"BHP.AU":1},"content_text":"Anglo American's (OTCQX:AAUKF) board has unanimously rejected BHP's (NYSE:BHP) $39B takeover offer, saying the bid \"significantly undervalues\" the British miner and its future prospects, and also creates substantial uncertainty and execution risk.  \"The proposal contemplates a structure which the board believes is highly unattractive for Anglo American's (OTCQX:AAUKF) shareholders, given the uncertainty and complexity inherent in the proposal, and significant execution risks,\" the company said in a statement.  BHP's (BHP) proposal \"is opportunistic and fails to value Anglo American's (OTCQX:AAUKF) prospects, while significantly diluting the relative value upside participation of Anglo's shareholders relative to BHP's shareholders,\" said Stuart Chambers, chairman of Anglo American. Anglo's U.K.-listed shares slipped 0.5% after the news. BHP's Australia-listed shares had closed 4.6% lower prior to the announcement.  The proposed acquisition would've ranked as one of this year's biggest M&A deals and would've created the world's biggest copper miner accounting for 10% of the metal's global production.  More on Anglo American, BHP   Anglo American: Assessing BHP Group's Proposal Anglo American: Positive Q1 Production Results BHP: Improvements Visible, But Downside Possible Too South Africa mines minister criticizes BHP's bid for Anglo American Anglo American considers sale of De Beers diamond unit","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430246127"}