Anglo American is expediting plans to divest De Beers and other assets following the rejection of a bid from BHP. The CEO is focusing on shifting towards copper amid company restructuring. Plans include spinning out or selling less profitable coal, nickel, diamond, and platinum businesses to fend off BHP's $43 billion takeover offer. BHP's shares jumped 2.4% after Anglo announced its breakup plan. Anglo American has frozen hiring globally after pledging to simplify the miner targeted by BHP's bid.
With time running out on its $43 billion (~R788 billion) pursuit of Anglo American, BHP Group faces a critical question: what would it take to draw the smaller company to the negotiating table within the next few days? | @News24_Business https://t.co/NWuMHzETwA
MINING M&A: BHP is weighing its next step in pursuit of Anglo American, considering a third approach before a midweek deadline https://t.co/jpIFvLGSQP
BHP is weighing its next step in pursuit of Anglo American, considering a third approach before a midweek deadline https://t.co/RVMWQFJyBg
$BHP (-0.3% pre) BHP needs to bid about 32 pounds a share for Anglo, JPMorgan says https://t.co/uyWv3yUYKA
⚠️ BHP NEEDS TO BID ABOUT 32 POUNDS A SHARE FOR ANGLO, JPMORGAN SAYS Full Story → https://t.co/o9bMghhzon BHP Group would need to boost its latest offer around 30% to reflect fair value for Anglo American and its key copper assets, JPMorgan analysts said in a note. https://t.co/ov2QHhbeAz
$BHP (+0.6% pre) Exclusive: Anglo unveils hiring freeze, document shows, after rejecting $43 billion takeover bid - Reuters https://t.co/CnbFQOJVVz
Exclusive: Anglo American has frozen hiring globally after its pledge this week to simplify the miner that is the target of a $43 billion bid by Australia's BHP, according to an internal memo issued by Anglo and reviewed by @Reuters https://t.co/wnpDaMsv7A
Exclusive: Anglo American has frozen hiring globally after its pledge this week to simplify the miner that is the target of a $43 billion bid by Australia's BHP, according to an internal memo issued by Anglo and reviewed by @Reuters. More here - https://t.co/ajZFzJA6le
Great to get this scoop on the wire. Exclusive: Anglo American freezes hiring globally after strategy revamp, document shows https://t.co/M0KBwcaD9i
BHP's options for Anglo American deal narrow as deadline looms. A nice analysis from @melaniemetals, me and overseas colleagues. https://t.co/GeSMVME4Ny
Anglo American plans to exit its De Beers diamond business, platinum and coal mining as it seeks to fight off BHP's takeover bid https://t.co/P1CuMI2zZ6 Would become more of a "pure play." That might not change the game for $BHP. $AAUKF
Anglo's restructuring plan offers shareholders an alternative to BHP's takeover bid, with the group describing it as the most radical shakeup in its portfolio in decades. | @News24_Business https://t.co/KMtcXl1eFv
BHP's options for Anglo American deal narrow as deadline looms https://t.co/6PMY1b0cvT https://t.co/yTKtaPkRGH
⚠️ ANALYSIS-BHP'S OPTIONS FOR ANGLO AMERICAN DEAL NARROW AS DEADLINE LOOMS Full Story → https://t.co/l6Lw3Tymi7 BHP Group's options for its pursuit of rival miner Anglo American include sweetening its $42.7 billion buyout offer, making a hostile bid or walking away for now as… https://t.co/3Boj7bLvRA
Anglo American hopes selling De Beers will fend off takeover bids after BHP’s $43 billion offer—but it might do the opposite. https://t.co/fLkw4DpIlq
BHP CEO Mike Henry says investors must decide whether his team or the rival one at Anglo American is best positioned to deliver value from their respective restructuring plans https://t.co/z6FYLPAgn8
Anglo American will exit diamond, platinum and coal mining in a restructuring designed to fend off a takeover bid from rival BHP. @MartinShanghai reports https://t.co/uGY5PROKiv https://t.co/PoIS6uPQYX
BHP shares jump 2.4% after Anglo announces break-up plan https://t.co/xK33vgFDgY
Anglo American laid out plans to refocus on energy transition metal copper while spinning out or selling its less profitable coal, nickel, diamond and platinum businesses, as it moves to fend off BHP Group's $43 billion takeover offer https://t.co/LIX1BObNRy https://t.co/Trt34Bog4M
Anglo American's boss said a takeover bid by rival BHP had forced him to accelerate plans for a spin-off of the company's South African platinum assets, which also raises the prospect of more job losses in South Africa's mining sector. Read more here: https://t.co/jpZsnlz3lH https://t.co/rTnGmQoOP6
Anglo American to expedite plans to divest De Beers and other assets following rejection of BHP bid. CEO prioritizes shift towards copper amid company restructuring. #businessnews #AngloAmerican $AAUKF
Anglo American’s breakup is overdue. BHP must have seen it coming | Nils Pratley https://t.co/dI0VEYJufP