BHP Bid for Anglo American May Need to be Simplified to Succeed -- Market Talk

Dow Jones05-07

0436 GMT - Daniel Sullivan, head of global natural resources at Janus Henderson Investors, has a message for BHP as it considers next steps in its pursuit of Anglo American: The simpler, the better. "I think the simpler it looks, the easier it is to get people across the line and give them confidence that it will complete," Sullivan tells WSJ. His fund holds shares in both companies. He reckons BHP has "obviously thought very deeply about this" and is "not going to back down in a hurry," with BHP facing limited options to expand its reach in copper markets. Anglo should now focus on getting the highest possible price for investors, Sullivan says. "I think once you've attracted the attention of the world's largest mining company, it's like... you're never going to get a better partner at an auction, right?" (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

May 07, 2024 00:36 ET (04:36 GMT)

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