BHP tells investors Anglo bid is 'on strategy', stresses discipline

Reuters04-29

By Melanie Burton and Scott Murdoch SYDNEY (Reuters) -BHP has told Australian investors privately that its $39 billion Anglo American bid is in line with its strategy and that it will be disciplined...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2431887733?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/gbLoHGx2W4fMs7qi7leDKw--~B/aD01MzM7dz04MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/reuters-finance.com/8bd071a337ecd65c8bde0ac3eeedcb85","is_english":true,"pubTime":"2024-04-29 16:52","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2431887733","market":"us","top_or_hot":-1,"title":"BHP tells investors Anglo bid is 'on strategy', stresses discipline","media":"Reuters","content":"<div>\n<p>By Melanie Burton and Scott Murdoch \n SYDNEY (Reuters) -BHP has told Australian investors privately that its $39 billion Anglo American bid is in line with its strategy and that it will be disciplined...</p>\n\n<a href=\"https://finance.yahoo.com/news/bhp-adviser-canvassing-investor-views-085254282.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BHP tells investors Anglo bid is 'on strategy', stresses discipline</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBHP tells investors Anglo bid is 'on strategy', stresses discipline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-29 16:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/bhp-adviser-canvassing-investor-views-085254282.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>By Melanie Burton and Scott Murdoch \n SYDNEY (Reuters) -BHP has told Australian investors privately that its $39 billion Anglo American bid is in line with its strategy and that it will be disciplined...</p>\n\n<a href=\"https://finance.yahoo.com/news/bhp-adviser-canvassing-investor-views-085254282.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"UBS","symbol_name":"瑞银","start_time":0,"source_url":"https://finance.yahoo.com/news/bhp-adviser-canvassing-investor-views-085254282.html","article_id":"2431887733","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/gbLoHGx2W4fMs7qi7leDKw--~B/aD01MzM7dz04MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/reuters-finance.com/8bd071a337ecd65c8bde0ac3eeedcb85"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2431887733","pubTimestamp":1714380774,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"SYDNEY  -BHP has told Australian investors privately that its $39 billion Anglo American bid is in line with its strategy and that it will be disciplined in its approach, two fund sources said.The world's biggest listed mining group is weighing up its next move after its initial takeover proposal for its smaller competitor was rejected by Anglo last week.\"They could not say much, but kept reiterating that they have to be disciplined,\" said a portfolio manager at one fund who spoke to BHP's investor relations team on Monday.Both BHP investors said they saw value in a deal given Anglo's quality copper assets and long term copper prices, and would be open to BHP raising its offer. They declined to be named as the talks were private.\"We are receptive to the deal. We potentially would be supportive if BHP raised their offer,\" said the first investor.In a parallel process, BHP adviser UBS has begun booking meetings with fund managers for this week, three sources with direct knowledge of the ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"UBS":"瑞银","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓","LU0170899867.USD":"EASTSPRING INVESTMENTS WORLD VALUE EQUITY  \"A\" (USD) ACC","BK4559":"巴菲特持仓","USB":"美国合众银行","BHP":"必和必拓公司","BK4504":"桥水持仓","BK4588":"碎股","BK4168":"多种金属与采矿","IE0034235071.USD":"PINEBRIDGE EUROPE RESEARCH ENHANCED EQUITY \"A\" (USD) ACC","BK4118":"综合性资本市场","BK4207":"综合性银行"},"translate_title":"必和必拓告诉投资者英美资源集团的出价是“策略上的”，强调纪律","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BHP":1,"UBS":0.9,"USB":0.77},"content_text":"By Melanie Burton and Scott Murdoch \n SYDNEY (Reuters) -BHP has told Australian investors privately that its $39 billion Anglo American bid is in line with its strategy and that it will be disciplined in its approach, two fund sources said. \n The world's biggest listed mining group is weighing up its next move after its initial takeover proposal for its smaller competitor was rejected by Anglo last week. \n \"They could not say much, but kept reiterating that they have to be disciplined,\" said a portfolio manager at one fund who spoke to BHP's investor relations team on Monday. \n Both BHP investors said they saw value in a deal given Anglo's quality copper assets and long term copper prices, and would be open to BHP raising its offer. They declined to be named as the talks were private. \n \"We are receptive to the deal. We potentially would be supportive if BHP raised their offer,\" said the first investor. \n In a parallel process, BHP adviser UBS has begun booking meetings with fund managers for this week, three sources with direct knowledge of the matter said. \n The talks indicate the effort that BHP is making to fine tune a revised proposal for Anglo. \n Reuters reported over the weekend, citing a source, that BHP is considering a renewed bid for London-listed Anglo. \n The investor meetings being sought by UBS will focus on gaining granular details on how BHP shareholders think a second bid should be structured, the first source said. That feedback would then be given back to BHP, the source added. \n The sources declined to be named as the information being discussed was not public. \n BHP and Anglo declined to comment. UBS did not immediately respond to a request for comment. \n Anglo shares in London were up 1.87% to 26.92 pounds. BHP shares closed 0.42% lower at A$42.97 in Australia. \n (Reporting by Scott Murdoch and Lewis Jackson in Sydney, Melanie Burton in Melbourne and Clara Denina in London; Editing by Sumeet Chatterjee and Alexander Smith)","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/2431887733"}