Analysts and traders suggest that a takeover bid for Anglo American should exceed £30 per share, surpassing BHP's recent offer. China's potential opposition, a $2 billion tax bill from demerging South African units, and the impact on bid premiums are key factors in the potential deal.
Breakingviews - Clash of the mining titans will get more bruising: podcast https://t.co/55RiIelwpI https://t.co/55RiIelwpI
China’s largest metals companies, including its state iron ore buyer, are considering their next steps following BHP’s blockbuster $39 billion approach for rival Anglo American https://t.co/hp5IJyNfgs
From Breakingviews - Breakingviews - Clash of the mining titans will get more bruising: podcast https://t.co/AYtqj65EET https://t.co/AYtqj65EET
Breakingviews - Anglo breakup costs complicate a sweeter BHP deal https://t.co/EvAtI8mtyi https://t.co/EvAtI8mtyi
From @Breakingviews: BHP’s proposal to buy Anglo American triggered a déjà vu, evoking memories of its 2007 tilt at Rio Tinto, says @AntonyMCurrie https://t.co/MhyYo0t9Al
From Breakingviews - Breakingviews - Anglo breakup costs complicate a sweeter BHP deal https://t.co/x35qG1TskH https://t.co/x35qG1TskH
BHP or any other buyer might inherit a *$2 bln tax bill* if Anglo American were to demerge its listed South African units as part of the deal. That may limit the premium BHP/bidders would offer for Anglo - we laid out the numbers for you. @Breakingviews https://t.co/Rv4NPw5RTr
BHP or any other buyer might inherit a *$2 bln tax bill* if Anglo American were to demerge its listed South African units as part of the deal. That may limit bidders' scope for generosity - we laid out the numbers for you. @Breakingviews https://t.co/Rv4NPw5RTr
From @Breakingviews: BHP’s proposal to buy Anglo American evokes memories of its 2007 tilt at Rio Tinto. It failed partly due to China’s opposition. @AntonyMCurrie explains why Beijing may sit on the sidelines this time, leaving it to other countries to push back against a deal https://t.co/7adyCkDrYM
A takeover of Anglo American would need to be pitched at more than £30 per share, a higher price than BHP offered last week, according to analysts and traders surveyed by Bloomberg https://t.co/2hreAaFmek